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[Image by Song Chen/China Daily

Zou said GAC had established cooperation mechanisms with customs of more than 130 countries and regions and signed over 190 cooperation documents, including memos with the Unites States, the EU, Russia, Japan and the Republic of Korea.

Zhu also said he believed Xiongan will make the integrated development of the Beijing-Tianjin-Hebei region come true and promote the rapid and comprehensive development of North China.

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Zhu Hong, minister for commercial affairs for the Chinese embassy in the US, said the US policy environment has become a major consideration for Chinese investors.

Zhou's comments came after the Shanghai-based company said its revenue rose by 32.6 percent on a yearly basis to a record .08 billion during the third quarter of this year, after debuting on the technology-focused STAR Market in July this year. SMIC achieved a gross profit of 2 million, up 5.4 percent on a quarterly basis and 54.3 percent on a yearly basis.

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Zhuji, Zhejiang province, has been forging a new "shared community" model as the nation's sharing economy gains momentum.

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[Song Chen/China Daily]

Zhou also underscored the importance of accelerating reform of the WTO to facilitate fair global trade. He believes the issue will probably be further discussed in this year's G20 Summit, to be held in Osaka, Japan, in June, at which leaders from 19 countries and the European Union will gather to discuss key economic and financial topics.