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"California is open for business. ... This year, we're gonna go again, but much bigger. A much bigger delegation, because we want to sell products. We want to erase the trade deficit by having California sell a lot of products to China," he said.

"But we can see that Russia will not be able to replace the market share held by the US for a considerable period of time or fully meet Chinese demand for soybeans," Chen said.

"CMA will be the core of Geely's future architecture design ... We learn technologies and build up talents through developing it," said Li Li, vice-president of Geely Automobile Research Institute. Li confirmed the Proton plan during an interview with Reuters.

"By 2010, China had fulfilled all of its tariff reduction commitments, reducing the average tariff level from 15.3 percent in 2001 to 9.8 percent," Vice Minister of Commerce Wang Shouwen said at a briefing on the white paper Thursday.

"China is committed to eliminating poverty among its people, and Argentina shares the same wish," he said. "My understanding is that the Chinese poverty reduction experiences may be helpful in similar areas of my country. Cooperation in this area is crucial."