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Wang Yu, deputy consul general of China in Houston, spoke at the gathering and emphasized that China is always against a trade war, but not afraid of one. It's regretful to see the US administration demonstrate a flip-flop and regression behavior on the trade issue, he said, however, "China is still positioned to resolve the dispute through constructive dialogue''.

Wang recalled that two years ago at the UN President Xi Jinping called for the construction of new international relations, featuring win-win cooperation, to build a shared future for mankind.

Wang Yang (third from left), China's top political adviser, observes progress made on the construction of the China-Laos Railway in Luang Prabang, Laos, on Monday. Wang paid an official visit to Laos from Saturday to Tuesday. YAN YAN/XINHUA

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Wang said China thanks Burundi for its support on issues involving China's core interests and major concerns, and it will support Burundi in defending its sovereignty,independence and legitimate rights.

Wang made the remarks on Saturday in Ljubljana, the capital of Slovenia, at a joint news conference with Slovenian Deputy Prime Minister and Foreign Minister Miro Cerar. It was the first visit to Slovenia by a Chinese foreign minister since 2008.

Wang said the reopening of the market will make up for some of the previous losses.

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Wang said the 1992 Consensus had laid a solid foundation for peace and stability in cross-Strait relations, and "Taiwan independence" would not work.

Wang Xiang, chairman of Hyleen Capital, which manages a total of .2 billion in assets, said on May 19 in Beijing that the company has made investing in Southeast Asia and South Asia a major strategy, adding that its staff's main focus is on projects in these countries now, even though possible deal values might not seem that large.

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Wang noted that globalization and collaboration have led to the booming economic success of bay areas worldwide, while cautioning that restrictions on the flow of technology and intellectual property only led to "self-imposed isolation".

Wang also said the authorities plan to seek suggestions from industry associations to revise and enhance regulations regarding capacity replacement projects. Current regulations ask steel companies to shut down a larger number of existing capacity before building any new ones.