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The government needs to continue red-tape reduction and reform of taxation, financing and investment, to invigorate the market and clear the path for entrepreneurship, Li said.

In 2014, trade between China and the EU reached over 615 billion U.S. dollars, up by 9.9 percent year-on-year. Investment stock of EU enterprises to China reached around 95 billion U.S. dollars. China's investment stock to the EU reached 49 billion U.S. Dollars.

BEIJING, March 11 (Xinhua) -- The city of Wenzhou is at the last step of a two-decade persistent pursuit as a draft revision to the Legislation Law expands legislative power from 49 Chinese cities to at least 284 nationwide.

The joint statement said that both sides would support Chinese securities and futures institutions in cooperating with German institutions to establish and conduct business in Germany, including the development, distribution and portfolio management of RQFII products.

Both sides should seize the opportunities, remove the disturbances, and strengthen the positive trend of China-India relations, Yang said.