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China has lifted more than 60 million people out of poverty in the past five years, with the poverty rate dropping from 10.2 percent to less than 4 percent.

China had built 130,000 5G base stations by the end of last year, and shipments of 5G smartphones had topped 13.77 million, Miao Wei, minister of industry and information technology, has said.

China has become a high-profile and potential market. The Economic Information Daily citing sigma report from Swiss Re said the country will be the world's largest insurance market by mid-2030s. German insurer Allianz also predicted China will continue to lead the global insurance market, and the premium size will increase at annual 14 percent in next 10 years.

China attaches great importance to developing ties with Germany, and is ready to push forward bilateral relations and pragmatic cooperation in various fields to achieve new development at a high level based on mutual respect, mutual trust and mutually beneficial cooperation, he said.

China has cultivated around 50 industrial internet platforms that have regional influence, with over 100,000 units of industrial equipment connected to the internet, the ministry said.