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China issued measures to further expand the opening up of the financial sector in July, allowing qualified foreign investment institutions to obtain the "A-class" licenses of lead underwriter, which can provide a broader service, and B-class licenses. "So the German demand is no longer a problem now, and the German institutions will receive more permission in the future," said the official.

China maintained its 14th place ranking in the Global Innovation Index 2020 released on Wednesday, and is the only middle-income economy that has been included in the top 30 for years, yicai.com reported Friday.

China is willing to deepen political mutual trust, broaden mutually beneficial cooperation and advance China-Ethiopia comprehensive strategic partnership of cooperation with new developments under a new situation, by upholding principles of mutual respect and supporting each other, said Wang.

China was also mentioned in a report of the Hurun Research Institute as the second-largest artwork auction market in 2018 with 29 percent market share globally, trailing only the United States.

China puts primary focus on the rights to subsistence and development and takes the coordinated progress in all human rights as a major principle for human rights protection, it stressed.