China commerce minister, during a meeting with a representative of foreign firms on Monday, said there is no winner in a trade war and co-operation between the US and China is the only correct choice on trade.

The minister added that China will step up it's opening up on a higher level and will create a better business environment for companies.

Key quotes (Source: Reuters)

Says China has confidence, ability to achieve this year's target

US unilateralism, protectionism will impact both US and China's interests

US unilateralism, protectionism will hurt the global economy, does no good for any country