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China strongly urges all parties to speak and act cautiously with the larger picture in mind, to avoid provoking each other, Hua said.

"It may trigger a new wave of the arms race," said Cai.

Thomas W. Farley, chief operating officer of New York Stock Exchange Group: Premier Li, thank you so much for being here and thank you for having us in your hotel. It truly is an honor and thank you very much. The U.S. and China need each other more than ever, and are the two strongest economies. You've spoken in your speech about mutual respect, and there is no doubt about mutual respect. At the same time, we have noticed the problem of mistrust between the two countries. In the U.S., there are negative articles in the press about currency rate setting or the respect for intellectual property in China. And the Chinese press also finds negative things about the U.S. My question truly is what can we do about this mistrust and how can we reduce the level of mistrust and increase the level of cooperation?

Political parties should shoulder the responsibility of strengthening political guidance and consolidating strategic mutual trust, conduct candid dialogue on major issues concerning the Belt and Road Initiative and the "16+1" cooperation and translate the political dialogue outcomes into government policies, Liu said.

Looking into the last quarter, Wang said the government should consolidate the positive momentum and stablize the share in the global market.