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China hopes that the EU will take practical measures to take substantial steps to relax export control against China, Liu added.

China has put forward a target of doubling its GDP and per capita income in the decade leading up to 2020. Chances are good it will meet that target based on the current rate of growth. Economists estimate an annual GDP growth of 6.3 percent is needed in the coming three years to meet the goal. GDP growth is widely expected to come close to 7 percent this year.

China is seeking to balance domestic development between different regions. For the same purpose, the UK has proposed plans such as the "Northern Powerhouse" and the "Midlands Engine for Growth". This Summit, together with China-UK Joint Economic and Trade Commission, provides an excellent platform for the two sides to deepen understanding of each other's development strategies and dovetail relevant plans so as to create a better environment for business cooperation.

China is stepping in to stabilize economic growth by pushing the fiscal policy "more proactive", which is required to coordinate with a prudent but more flexible monetary policy, according to a series of high-level government meetings during the last two weeks.

China is likely to play a bigger role in thyssenkrupp AG's proposed new industrial solutions entity, as the German industrial conglomerate experiences its biggest reorganization in decades to pursue more focused and efficient growth, its chief executive officer has said.