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"China sees us as a country which has its own interests at heart and one which does not go out of its way to antagonize others," he said.

"China seeks balanced trade with other countries, rather than a trade surplus," Wei said. "The expo shows China's commitment to facilitating mutual benefit and a win-win partnership with other countries and regions."

"Consumption has contributed at least 75 percent to China's GDP growth for the last five consecutive quarters, despite slowing since the second quarter of 2018. Going ahead, consumption will become a major incentive to boost China's economic growth," said Zhou Wenqun, a manager at consulting agency Fidelity International.

"Chinese technical colleges are well-advanced in industrial production. I believe the exchange programs will also bolster our efforts in strengthening engineering and science courses in our institutions," he said.

"China's Position on the China-US Economic and Trade Consultations", a report released on Sunday by the Cabinet's Information Office, reiterated that Beijing does not want a trade war but is not afraid of one, that it won't back down on "major issues of principle", and that its only intention is to reach a mutually acceptable deal.