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China's reform and opening-up that began in the late 1970s "has had remarkable positive effects on China's standard of living," Obstfeld said in a recent interview with a small group of reporters ahead of his retirement from the IMF at the end of the year.

China-India border trade starts in Yadong county, Tibet autonomous region, on May 1, 2018. [Photo/VCG]

Chinese Consul-General in New York Huang Ping said that despite some tensions over economic and trade issues between the world's two largest economies, the roadshow has shown "China genuinely is and wants to be a friend with the United States, especially in terms of sharing its market, and business opportunities."

China's policy towards the United States is consistent and clear-cut. We are committed to joining hands with the US to work for non-conflict, non-confrontation, mutual respect and win-win cooperation. We urge the US to correct its wrongdoing, stop groundlessly accusing and slandering China and harming China's interests and China-US ties, and take concrete actions to maintain the sound and steady development of China-US relations.

China's tourism trade surplus is expected to increase as the country takes in more cash from inbound visitors than its outbound travelers spend overseas, according to the country's tourism industry watchdog.