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Another witness, Bradley Mattarocci, vice-president of Baby Trend, a California-based child-safety product-maker, also highlighted the negative impact of additional 25 percent tariffs on safe, affordable baby products for US caregivers.

Another joint report by the NCUSCR and the Rhodium Group says Chinese companies invested a record billion in the United States in 2016, a tenfold increase compared to just five years ago, while US FDI in China was kept at a steady annual amount of billion.

Apart from economic cooperation, Mali also pointed out the huge potential in cultural exchanges and tourism between the two countries, adding that Serbia's national air carrier Air Serbia Corp is negotiating with Chinese authorities to establish direct flights between Shenzhen in China and Serbia by the end of this year.

Annual passenger throughput of Baiyun airport has increased by about 10 million every three years since 2004.

Annual active customer accounts increased by 21.5 percent to 313.8 million in the 12 months ended June 30, 2018.