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According to China's Ministry of Commerce, Chinese enterprises have made 14.36 billion U.S. dollars of non-financial direct investment in 59 countries along the Belt and Road in 2017.

The move was taken after the U.S. administration announced a proposed list of products subject to additional tariffs, which covers Chinese exports worth 50 billion dollars with a suggested tariff rate of 25 percent.

"We have lodged solemn representations to the United States and asked the U.S. to immediately cease the wrong practice so as to avoid undermining relevant cooperation between the two sides," Geng said.

The channels for private capital to be turned into equity investment will be expanded, and equity investment institutions will be encouraged to take part in the market-driven debt-for-equity programs.

Over the five years, 90 percent of college graduates found jobs and more than 1.1 million redundant workers resulting from the country's excess production capacity cuts were re-employed, said Yin Weimin, minister of human resources and social security.