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China has no intention of supplanting the United States, but given the friction over maritime issues, both sides could clearly do more in terms of cooperation.

Dollar said supply-side structural reforms are very essential if China wants to continue growing well, noting that he was particularly impressed by the announcements of advancing the hukou (household registration system) reform and opening up more service sectors in China to foreign investment.

The new Anti-Terrorism Law defined the basic principles of China's anti-terrorism initiatives, improved working systems and mechanisms in this regard, and stepped up anti-terrorism efforts with regard to preventive safety measures, emergency response, international cooperation and supporting measures, Zhang said.

Simsek said Turkey attaches great importance to the ties with China and will deepen cooperation with China within the framework of the Belt and Road initiative in pursuit of common development.

"With virtually the entirety of the increase coming from food prices, it's not an increase that's likely to be sustained for long," Orlik said.