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China is now the world's largest market for new energy automobiles, with around 1.7 million such vehicles on its roads as at the end of 2017, according to the China Association of Automobile Manufacturers.

China is now leading the world in technological innovation, characterized by the fast development of the mobile internet, big data and artificial intelligence technology. The significant technological innovation and advancement in this market is filling the world with imagination.

China has reiterated its stance of further reform and opening-up, which creates new chances for foreign companies, including those from Germany, and is exemplified by tariff cuts for automobiles, Chen said.

China is investing great efforts in scientific and technological innovation as well as the development of the digital economy. In his meeting with Brazilian President Jair Messias Bolsonaro in Beijing in October, President Xi Jinping said the two countries should enhance their cooperation in these fields.

China is set to build a moderately prosperous society by 2020. To achieve the goal, the country needs to lift around 30 million poor rural residents out of poverty between 2018 and 2020.