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China is the largest market for Mercedes-Benz. In the first half of the year, around 350,000 vehicles were sold in the country, up 1 percent year-on-year, and the majority of them were made in China.

China is currently the world's largest crude oil and gas importer, importing 440 million tons of crude oil and 125.4 billion cubic meters of gas in 2018, up 11 percent and 31.7 percent year-on-year. The foreign oil and gas dependence ratio reached 69.8 percent and 45.3 percent, according to PetroChina's Economics and Technology Research Institute.

China imported more than 53 million tons of LNG last year, reaching a new historic high by accounting for 60 percent of total natural gas imports, Zhang Jianhua, head of the National Energy Administration, said earlier. The country has also been stepping up construction of its LNG infrastructure facilities in recent years.

China highly values its relations with Europe and supports the EU countries to choose their own path of integration, Li told Tusk and Juncker during their annual meeting, adding that his country is happy to see an Europe that is unified, stable, open and prosperous.

China is in the middle of capacity cuts in coal and steel sectors. Last year's annual targets to slash steel capacity by around 50 million tons and coal by at least 150 million tons were fulfilled in August and October, respectively.