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For the past three decades, China's miraculous achievement was envied and admired by major economies, but a slowdown since the 2008 global financial crisis has left many jittery. Last year's GDP growth of 6.9percent slipped to its lowest notch in a quarter of a century.

"With more than 5,000 German companies now established in China, it was a natural next step to start a similar award in China,"she stressed.

Li also briefed Key on China's current economic situation. He said the economy has seen some improvement recently, the domestic demand such as consumption and investment has seen a faster growth than that of the fourth quarter of last year. The economy is operating within a reasonable range.

BEIJING, March 16 (Xinhua) -- Qiushi Journal, the flagship magazine of the Communist Party of China (CPC) Central Committee, has encouraged CPC members to study Marxist values and sharpen their governance capacity.

Wang said he hoped that the two sides could strengthen their high-level engagements as soon as possible in order to jointly map out the next step for the two countries' comprehensive cooperation.