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As China strives for positive economic growth, the EU economy is expected to contract by 7.1 percent this year, and the US economy would shrink by 5.9 percent, according to estimates from the International Monetary Fund.

Arkansas farmers and officials said they are concerned about the impact of US-China trade war.

As China is transforming its economy from traditional manufacturing sector to service and consumption oriented sector, its structural transformation and the rebalancing of its economy should lower the growth rate and put growth on a firmer basis over time, the chief economist said.

Arken Imirbaki, a vice-chairman of the Standing Committee of the 13th National People's Congress, said that in the past year authorities at all levels had introduced rules to supplement the Law on Traditional Chinese Medicine, and the efforts had contributed greatly to the development of TCM and improvement of public health.

As 2018 is the 40th anniversary of China's reform and opening up policy, the country's door to the world will only become more open.