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Another Chinese oil and gas giant has also expressed confidence that the two countries' energy ties are set to deepen, despite trade conflicts.

Apart from bilateral trade, closer contacts between the peoples will also help US and Chinese nationals to better understand each other's country. At the first US-China Social and Cultural Dialogue in Washington in September, US Education Secretary Betsy DeVos said the country is sending 14,000 American students to China for educational opportunities annually.

Apart from TV makers, PC makers like Huawei and Lenovo also compete for customers by providing improved visual and sound experience.

Anti-corruption work in the financial sector is necessary for the healthy development of the industry, protection of the vital interests of the people and protection of national security, the top watchdog's China Discipline Inspection newspaper said in a commentary in November.

Apart from financial and market management measures, SOEs should remove their low-efficiency assets, reduce costs and increase profits, which can defuse their liabilities and reduce debt, said Zhou Jianqi, a researcher at the Development Research Center of the State Council.