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"China's decision to put products like wine in the first group of commodities subject to tariffs, leaving other commodities like pork in a second group, is an interesting strategy," said Larry Karp, professor of agricultural and resource economics at the University of California, Berkeley.

"China welcomes both domestic and global companies to actively participate in the exhibition and sign more deals," Gao said at a regular news briefing.

"Companies like to know what the price of their product is going to be, where their market is. They like those things long-term," she said, adding that a resolution of bilateral trade issues "in a substantive manner" will be of primary interest for US companies.

"Countries including the US and India have been taking on China's IT players frequently, citing national security concerns. But this highlights the lack of widely acceptable international rules on service trade industries, especially in emerging industries."

"China resolutely opposes any country taking such freedom as a pretext to conduct illegal and provocative moves in the South China Sea, undermining sovereignty and security of littoral countries, and doing harm to regional peace and stability," Ren said.