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China produces more than 75 percent of the cashmere globally, and more than 90 percent of cashmere worldwide is initially processed in China. Chinese local brands account for only roughly 20 percent of the total.

China welcomes US companies to continue expanding their investment in the country and supports the strengthening of mutually beneficial cooperation by firms from both sides, said a senior government official.

China issued a white paper entitled "China's Policies on Asia-Pacific Security Cooperation" for the first time this year, outlining China's concept of common, comprehensive, cooperative and sustainable security, which was in distinct contrast to the out-of-date security concepts of the Western world such as the Cold War mentality, zero-sum game and military force worship.

China saw its trade surplus widen by 47.4 percent year-on-year to 1.55 trillion yuan during the same period.

China saw a total of 115 million domestic tourist trips made during the May Day holiday. And domestic tourism revenue generated during the period exceeded 47 billion yuan, the Ministry of Culture and Tourism said.