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"China has become a key player in the drafting and finalization of international railway standards," said Lu, who is also a deputy to the 13th National People's Congress.

"China is the world's second-largest energy consumer and relies heavily on imports to meet its huge demand. Promoting methanol fuel as an alternative can help reduce such dependency," He said.

"China Depositary Receipts (CDRs), a form of share that will allow Chinese investors to gain exposure to foreign-listed shares, will soon be launched," Yan Qingmin, vice-chairman of the China Securities Regulatory Commission, told Xinhua-run China Securities Journal.

"China is a developing country while the US is a post-industrialized country. A large part of their materials to make consumer goods and industrial products depends on imports," Zhou said, adding that tariffs will only leave the US with two choices—buying from China with a higher cost, or buying from other countries with uncertain quantity and quality.

"COFCO will put its major focus on grain, oil, sugar and cotton," said COFCO President Yu Xubo. "We will achieve agricultural commodity imports by 2020 of 30 million tons of corn, 20 million tons of soybeans, 10 million tons of rice, 10 million tons of wheat, and 5 million tons of sugar."