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The one-China principle is a universal consensus of the international community and the important political foundation for the China-U.S. relationship, Wu said.

Referring to the deficit as a homegrown problem, Stephen S. Roach, a senior fellow at Yale University, maintained that the U.S. trade deficit exposed the imbalance inside its own economy.

Du said cultural cooperation is a bridge of friendship between the two peoples and the embassy plans to hold a series of cultural events this year to celebrate the 70th anniversary of the founding of the People's Republic of China.

Since the forging of the diplomatic ties 40 years ago, the two countries have been adhering to the spirit of mutual respect, treating each other on an equal footing, mutual benefit and win-win to push forward healthy and stable development of the bilateral relations and scored fruitful achievements in exchanges and cooperation in various fields, Xi said in a congratulatory message.

China's message is for multilateralism and an open rule-based trade, he said. "Amid the surge of populism and isolationism, China is further opening up its market to businesses around the world while building the Belt and Road. This ... will bring a lot of opportunities for small and medium-sized enterprises in Germany and European companies."