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It also demonstrates that prioritizing localization strategy is critical for both enterprises and vendors targeting the China market to survive uncertainties, Dai said.

It also called on Pompeo to stop supporting the East Turkestan Islamic Movement terrorist and separatist group, which had plotted a number of terrorist attacks in Xinjiang and aimed to separate the region from China.

Istvan Ujhelyi, vice-chair of the European Parliament's Transport and Tourism Committee, said he believes the Belt and Road Initiative will shape the next decade and be one of the world's major initiatives.

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It also stressed the need to strengthen capital market fundamentals, improve the modern financial system to one that is highly adaptable, competitive and inclusive, and effectively prevent and resolve financial risks.

Iron ore imports climbed 11 percent year-on-year to 760 million tons during the period.

It came as an extension of a favorable policy that started in 2014.

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It also acknowledged that China has been a leader in the global fintech revolution, "with new technology-driven providers transforming how Chinese consumers make payments, borrow, save, insure themselves against risk, and invest".

It found that the basic pension insurance totaled 3.2 trillion yuan, accounting for 82.7 percent.

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It also erases the gains made by the economy under Prime Minister Shinzo Abe's "Abenomics" stimulus policies deployed in late 2012.

It added its commercial airplanes has booked 221 net orders during the quarter, and backlog remains robust with over 5,800 airplanes valued at 5 billion.