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History has taught us that mutual respect, equal consultation and mutually beneficial cooperation are the only correct choice for bilateral ties, said Wang.

Manoranjan Mohanty, former chairperson of the Institute of Chinese Studies in Delhi, said the reform and opening-up was a great revolution.

China has taken multiple, targeted measures to ensure a stable economy, with major full-year targets expected to be fulfilled, Li said. However, he warned of rising downward pressures amid complicated circumstances at home and abroad.

"China will seize the opportunities and develop ties with Germany on the basis of mutual respect and equal-footed cooperation, so as to achieve mutually beneficial and win-win outcomes," Li said.

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