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China would score very well on investment, quality of education and speed of technological progress over the past four decades of rapid growth, thanks mainly to the central values that characterize the Confucian culture, which are the importance attached to education and thrift.

China will launch policies to expand the business scope of foreign institutions, such as abandoning the requirement on foreign banks to conduct business in the country for at least one year before applying to the regulator to conduct renminbi business. It will also lower the threshold for foreign bank branches to accept a fixed-term RMB retail deposit to 500,000 yuan (,912), the regulator said.

China will strengthen the control of greenhouse gas emissions, continue South-South cooperation on climate change, and promote green and low-carbon ways of living and production in its continuous efforts to cope with climate change, he said.

China will facilitate all countries in their participation and give more preferences to developing countries and the LDCs and welcome active participation by WTO members, said Zhong.

China will further reduce the market access threshold in automaking and welcomes German companies to expand investments in high-tech sectors, including self-driving cars, Premier Li Keqiang said at a self-driving exhibition on Tuesday in Berlin, his last stop before heading back to China.