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China has set up 75 overseas economic and trade cooperation zones, with an investment exceeding billion and created jobs for more than 200,000 local people, said Meng Wei, spokesperson of the National Development and Reform Commission, during a press conference in Beijing on Wednesday. In addition, China's Silk Road Fund has inked 19 projects with committed investment of billion.

China is the state of Washington's top trading partner, with more than 20 percent of the state's exports going to China, and around 30 percent of its imports coming in from China in 2018, both the largest among all nations, according to the US Census Bureau.

China is Coca-Cola's third biggest market worldwide, and COFCO became its first bottling partner after the company returned to China in 1979.

China is preparing to set up a national technological security management list in a push to mitigate risks to national security, according to the country's top economic planner.

China is only one link of the global supply chain and the US estimate of the trade surplus is exaggerated by about 20 percent, he added.