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"China has always fulfilled its obligations, kept its promises and made significant contributions to the world economy by paying great efforts and costs since it joined the WTO 17 years ago," Foreign Ministry spokesperson Hua Chunying told a routine press briefing.

"China has over the years made unremitting efforts and played a unique role in promoting a negotiated solution of the issue," said Wang, adding that "it was through China's efforts and the support of all parties that the Three-Party Talks on the Peninsula nuclear issue was expanded to the Six-Party Talks."

"China does not wish to see the further escalation of tension in the region," he said.

"By the standards of other countries, it (China's growth) is still very impressive," King said, adding that supply-side reforms and monetary and fiscal stimuli are expected to be stepped up over the next 12 months and partially offset impacts of the trade friction.

"China is willing to move faster in dovetailing the Belt and Road Initiative with the Middle Corridor project, steadily promote cooperation on trade, investment, science and technology, energy, infrastructure and major projects and actively seek cooperation in small and medium-sized programs and those that benefit the people, to deliver concrete benefits to more enterprises and the people," the Chinese president said.