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China hopes the German government will provide a fair, just and non-discriminatory business environment for all foreign enterprises, including Chinese companies, Wu said.

China is already the second-largest economy in the world. And now it continues to grow at a more moderate pace under a new normal. The country is now playing an important role in many areas. For example, China is now the largest automotive market in the world, and the country has more than 220 million registered vehicles. China is also one of the biggest trade markets in both export and import. Besides, China is a big manufacturing nation, and it is also aiming to become a strong one in the coming future.

China is undergoing structural rebalancing and is upgrading its manufacturing capabilities. This will require more efficient and intelligent factories.

China has served as a major stabilizer and driving force for the world economy, contributing to more than 30 percent of growth during the past years, data showed.

China is accelerating plans to open up the financial industry with leading policymakers pledging to relax foreign investment rules to counter the decline of capital inflows.