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China also is becoming the prime destination for Argentine beef, he said, adding that the country is starting to export other products to China. "This is something important for us because it provides work for our people and shows the bilateral relations with China," he said.

China also assembles and then exports a lot of phones, computers and other gadgets to the US. But, most of the profits and wages go to Japanese or South Korean component producers or US-based designers. For example, China makes less than from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

China Unicom noted it will continue welcoming foreign companies to participate in domestic 5G construction.

China announced plans in April to establish the Xiongan New Area, a new economic zone about 100 kilometers southwest of Beijing in Hebei province. It covers Hebei's Xiongxian, Rongcheng and Anxin counties.

China Jinmao discussed its future plans to build a business office system in Jinmao Plaza in Fengtai district of Beijing at a forum on Friday. The office mode has been tailored to high-tech companies in the country's innovation hub to cultivate more billion-dollar startups.