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"China-US economic and commercial cooperation is mutually beneficial and the potential is yet to be tapped. Let's work together to build a strong partnership for the benefit of our two peoples and thus contributing to the world peace and development."

"Countries succeed by having open systems, not closed borders," he said. "The US has long thrived through openness and diversity. China, of course, has conducted business and cultural exchanges with openness for thousands of years, as exemplified by the Silk Road.

"Chinese companies used to focus on generics, but now they have been building up R&D capabilities and many invest generously in innovative drugs."

"Consumer markets in both economic areas will grow larger and provide final demand for companies in both economies," he told Xinhua.

"Cooperative mechanisms can also be established for upstream and downstream enterprises in industrial chains, to ensure the smooth operation of the domestic and foreign companies in China," Wang said.