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He said China does not want to see a large trade surplus with other countries, including the US. "What we want to see is an overall trade balance; otherwise, this kind of trade would not be sustainable."

He said that business travelers' demand for accommodations will recover first after the epidemic, followed by individual and group travelers, which will help the occupancy rate to rebound.

He said enterprises should also set up independent and professional compliance management teams to improve practical working methods and their use of information, especially by applying big data to internal risk prevention and control.

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He said he hopes the two sides will replace suspicion with trust, manage differences through dialogue and build a future through cooperation.

He said many home and global automakers are already in the process of pushing major technological breakthroughs. Newcomers to the business are also willing to adopt the latest technology and new solutions to survive and develop in the market.

He said that before 2016 the Taiwan question was seldom raised during the dialogue since the event mostly focuses on global security issues. But in recent years, Pentagon chiefs have highlighted US commitment to the island during their plenary speeches and were praised by Taiwan secessionists.

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He said that 16 cities, including Beijing, Xiongan, Shenyang and Qingdao, will get large-scale testing of 5G this year.

He said because of this, Peugeot and Citroen are suffering due the market trend in which premium brands are launching smaller cars at lower prices while the prices of local brands are riding.  

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He said "Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era" has been included into the Party's Constitution and it is a political declaration and a guide of action for the Party to start new journey in the new era.

He said history will look back on Trump's presidency as "an aberrant moment in time."