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China currently contributes about 35 percent of TransContainer's global transportation volume and revenue, up from 15 percent from 2010, the largest contributor after Russia.

China has become an important growth driver in world services trade in recent years. It has been the world's second-largest trader in services for six consecutive years, and its trade in services in 2019 reached 5.42 trillion yuan (3 billion), the Ministry of Commerce said.

China has always attached great importance to intellectual property rights protection by improving legislation and enhancing administrative and judicial protection, and the progress and effects have been widely acknowledged, the MOC said.

China has been key in driving world growth since 2008 and many multinational companies view the country as critical to their strategic growth plans. Its position on the world stage is only set to increase as it transitions from being an export-driven to a consumption-driven economy. China is also pushing forward with initiatives such as the Belt and Road and becoming increasingly confident at world forums such as APEC, G20 and WEF.

China condemns and firmly opposes it, he said, adding that the country will take strong countermeasures to defend national sovereignty, security and development interests if the US insists on making the wrong decisions.