The increasing exchanges between people from both countries have also been a boon for tourism, he said.
The injured have been sent to three local hospitals for treatment. Three were declared dead while hospitalized.
The implementation of such policies requires multilateral cooperation, according to Li. On one hand, China could further cut import tariffs on goods including automobiles, drugs, and cosmetics in accordance with WTO rules.
The insiders, who are also political advisers attending the ongoing two sessions-the annual meetings of the National People's Congress and the Chinese People's Political Consultative Conference-made the comments as the world's second-largest economy marks the 40th anniversary of the start of the reform and opening-up policy.
The initiative will be of great significance in helping curb major accidents, the ministry said in a news release.
The industrial sector also evolved. It was homogeneous in the early 1950s, with only mining, textile and simple processing industries. China relied on imports for supplies of a large number of industrial products at that time.
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The index is copublished by WIPO, Cornell University and INSEAD.
The interest has drawn a lot of investors. Prices of mini KTV booths range from about 10,000 yuan to 30,000 yuan.
The incident raised widespread debates online, with the hashtag "Li Ziqi has been included in a primary school test paper" having been viewed 450 million times.
The index is used to measure the level of anxiety among traders in financial markets and stood at just under 13 on May 3, the last trading day before the US administration's threat to raise tariffs on Chinese imports.