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China has decided to continue a prudent and neutral monetary policy in 2018.

China has firmly supported the multilateral trading system via liberalizing and facilitating trade and investment since its accession to the World Trade Organization, said the government in a white paper released on Thursday.

China has announced it will cut a total of 2 trillion yuan (7.5 billion) in taxes and corporate pension payments this year to ease financial pressure on enterprises.

China appreciates Germany's positive attitude in solving the aforementioned problem, Wang said, noting that the two countries also have remarkable consensus on reaching the China-EU investment agreement and opening the free trade cooperation as early as possible, he said.

China has newly identified 22 cities as venues for comprehensive cross-border e-commerce pilot zones in an effort to promote opening-up and upgrade foreign trade, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang on Friday.