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"Any attempt from one country to harm others may finally hurt itself too," Berger said. Berger rightfully recognized China's promise that its development will never be at the cost of another country's.

The two countries should promote cooperation in equipment manufacturing, focus on development of the real economy, jointly respond to the downward pressure of economy and promote world economic recovery, he said.

"As long as there is the slightest hope, we must go all-out to find the missing. It's our obligation," he added.

Now nearly six billion people live in developing countries. Many of them are at the early stage of industrialization. This means a huge need for poverty reduction, infrastructure development and equipment manufacturing, which all serve to spur growth. Yet limited financial resources may have barred many of these countries from getting high-end equipment. China, for its part, has entered the middle stage of industrialization. The sheer size of China makes it the largest producer of more than 200 industrial products in the world. Chinese equipment, being at the middle-end of the global industrial chain, is competitive given their high quality and low prices.

According to the two ministers, China and EU will issue a document to outline their future cooperation priorities, and a statement on climate change, and sign several cooperation deals on regional policies, intellectual property rights, customs and technological innovation.