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China's Nasdaq-style high-tech board known as the STAR Market has provided a more inclusive financing platform for the country's high-tech innovation companies since its opening in July. There were 70 companies listed on the STAR Market last year, raising total funds of 82.4 billion yuan. The proceeds accounted for 32 percent of the total fundraising of the A-share IPO market, according to data released by PwC.

China will introduce a number of reform measures to create a better environment for innovation and development in the future, according to a decision made at a State Council executive meeting last month.

China's ambassador to the United States said the two countries should look at the "really big picture" that would entail them working closer together instead of focusing on their trade imbalances.

China's amazing achievements in various fields and its rising international reputation are primarily attributed to the political leadership of the CPC.

China will make more efforts to cut tariffs on products including cars, senior Chinese official Liu He said at the World Economic Forum annual meeting in January. Import taxes on 187 products were slashed last year, with the average rate down from 17.3 percent to 7.7 percent.