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China recently released a series of measures for opening-up and will further reduce market access threshold, lowering shareholding ratios of foreign companies in fields such as automaking and the financial sector, he said. Intellectual property rights protection will be strengthened and a business environment of fair competition will be accelerated, which provides more opportunities for companies from Germany, Europe and other countries and regions, he added.

China remained Russia's top trading partner and their two-way trade hit a record high of over 0 billion in 2018, he said.

China still needs to grow at a relatively fast pace to meet the government's aim of becoming a "moderately well-off society" by 2020, in time for the 100th anniversary of the founding of the Communist Party of China the following year. To achieve this, it needs to double the 2010 GDP per capita income level. George Magnus, an associate at the Oxford University China Centre and an expert on China's economy, said he expects the government target to remain at "around 6.5 percent".

China now has four such demonstration zones. The latest two were in Jinzhong, Shanxi province, and Nanjing, Jiangsu province, both approved by the State Council in November.

China stepped up its financial support to key areas and weak links in the economy, according to data released by the China Banking and Insurance Regulatory Commission on Friday.