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China and the EU also hold regular ministerial meetings and over 60 sectoral dialogues. Both are committed to a comprehensive strategic partnership as expressed in the EU-China 2020 Strategic Agenda for Cooperation in 2013, according to a fact sheet released by the EU last month.

China aims to keep consumer inflation at around 3 percent in 2019, according to this year's government work report.

China always places a priority on justice. This approach can stand the test of time and the judgment of the international community, Wang said.

China Telecom, the smallest wireless carrier by mobile subscribers in China, also said earlier this month that its budget for 5G in 2019 stands at around 9 billion yuan.

China and Germany should become cooperation partners despite ideological differences, Xi said. The two countries are partners, not rivals, he added. One side's development will bring opportunities to the other side, not challenges.