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Both sides should continue to deepen cooperation in traditional areas such as nuclear energy and aviation, and promote cooperation in new areas like modern agriculture, urbanization, new energy and the oceans, according to Ma.

Developing nuclear power and clean energies and restructuring energy use are big issues for China's sustainable economic development and environment protection, advisors said at a biweekly symposium of the Chinese People's Political Consultative Conference (CPPCC).

Australian economist Guo Shengxiang said the strategic decisions released one after another by the Chinese government recently can be comparable to late Chinese leader Deng Xiaoping's Reform and Opening-up policy more than 30 years ago, as measured either by the extent and scale of the reform, or by its strategic layout and international impact.

"The more we can liberalize our trade relationship, the better for both, because it would help both European and Chinese companies to improve competitiveness and productivity," he said, "and of course there are a lot of opportunities for investment."

Lin said the CPC session had made unprecedented efforts to elaborate the relationship between the market and the government, and this has offered new opportunities for realizing scientific macro control targets.