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China is now the world's largest market for internet business, e-commerce, AI and new energy vehicles. These industries are the future trends. Now in China, and only in China, can people live cash free and credit card free. More than half of new energy passenger cars are sold in China. Many startup companies in China are innovating in manufacturing, technology development and new business models of Internet Plus businesses. And many Chinese brands are becoming world-renowned enterprises and blaze the trail for digitalized business. All these endeavors could be a reference for other countries.

China is pushing competitiveness in its domestic markets by opening them further to foreign competition - thus forcing Chinese companies to step up independent innovation and industrial upgrading. At the Boao Forum in March, Premier Li Keqiang explained China will not resort to massive stimulus to boost growth, but will continue to open up and innovate to energize market players.

China hopes that the EU will take practical measures to take substantial steps to relax export control against China, Liu added.

China has set this year's GDP growth target at between 6 percent and 6.5 percent, while keeping the jobless rate in urban areas at around 5.5 percent. The economy recorded GDP growth of 6.4 percent in the first quarter.

China has, for decades, been associated in the minds of Westerners with a common image of bicycling workers and residents filling the streets. But in the 21st century, Chinese technology has made bicycles part of the internet of things (IoT).