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He called for equal dialogue and consultation based on mutual respect, and adherence to the norms of international relations and multilateral trade rules in addressing economic and trade problems, stressing that relevant sides should never readily resort to protectionism and unilateralism.

As of 5 p.m., no road accident with more than five deaths was reported, and major highways as well as main routes did not see any severe traffic jams, according to the Ministry of Public Security.

Between June 1 this year and the end of 2025, earnings of the above-mentioned services will be exempted from value-added tax (VAT), and enjoy a 10 percent deduction in taxable income. Those providing real estate or land for the relevant services will be exempted from deed tax, property tax, urban land use tax and six types of fees including registration fee for real estate.

On its part, China would "welcome Italy's participation in the opening-up process of its financial market."

The Office of the United States Trade Representative and the U.S. Department of the Treasury made a statement Monday on the white paper, "China's Position on the China-U.S. Economic and Trade Consultations."