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There's a need to reemphasize the importance of trade and how it benefits people in all countries, he urged.

But make no mistake. It is not fear of the U.S. anti-missile shield that drives such concerns, for China has never, and will never, accepted threats that encroach on its national security.

Countries need to seize the historic opportunity presented by innovation, new scientific and technological revolution, industrial transformation and digital economy to increase medium- and long-term growth potential of the world economy.

The two ministers agreed to enhance bilateral cooperation so as to benefit the two peoples.

To adapt to new economic conditions, China should upgrade its domestic trade by promoting supply-side structural reform, Wang said Wednesday at a government teleconference.