Minister Zhong Shan said he was looking forward to meeting with the U.S. commerce secretary. "I'm willing to deal with excellent people, because excellent people are good at thinking strategically for the long term".
"A trade war would not benefit either country or either country's people; you could say it would have no advantage whatsoever", Chinese Commerce Minister Zhong Shan said, Reuters reported.
He said that cooperation is the only right choice and the two countries should work to enhance it and manage differences.
"Any form of protectionism is not in line with the interests of the two countries", he said. "It will be a disaster for the global economy", he added.
China's Outbound Direct Investment (ODI) has grown quickly in recent years, with non-financial ODI soaring 44.1 per cent to Dollars 170 billion in 2016, official data showed, state-run Xinhua news agency reported.
Zhong also reported that China's exports in January and February were 4% higher than in the same period past year, with imports more than 26% higher.
A trade war between China and the USA would harm both countries and offer no benefits to either side, Zhong said, citing their "intertwined" economic relations.
Speaking at a press conference on the sidelines of the annual parliamentary session, Zhong said the two countries, whose interests are closely interwoven, have seen their economic and trade relations on the right path since they forged diplomatic ties.
The warning was the second time this week that China has railed against a possible trade war, amid growing indications that the Trump administration is serious about pursuing a protectionist agenda.
Data shows both trade and investment volume have notably surged. In the same period, bilateral service trade exceeded $110 billion and two-way investment amounted to $170 billion.