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"Contacts in the steel and aluminum industries expected higher prices as a result of the tariffs on these products but had not planned any new investments to increase capacity," the minutes said.

"China's remarkable progress in reducing extreme poverty has significantly contributed to the decline in global poverty," said Hoon S Soh, World Bank program leader for economic policy for China.

"China's economic momentum will continue this year with domestic consumption leading the way, selectively creating opportunities," said Gordon Orr, a senior advisor to consulting firm McKinsey& Co.

"Compared to pure IT players, we find our competitiveness in our profound understanding and rich experience in clinical medicine," Ho said, adding the company's solid financial backing is another benefit.

"Cooperation between the US and China is critical to meeting all of the challenges facing our world, from economic growth and trade to security and climate change," the media mogul said.