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"We must move quickly to sort through existing decrees to see that our policies are open, transparent and pro-free trade," Li said.

"An open environment is not only beneficial to the EU's economic growth, but also good for the world's prosperity," Gao said.

BEIJING, May 14 (Xinhua) -- China will never surrender to external pressure and has the resolve and capability to defend its legitimate rights and interests, Foreign Ministry spokesperson Geng Shuang said here Tuesday.

In 2008, when the economic recession hit most parts of the world, a drastic reduction of foreign orders forced Zhao to explore the domestic market. Profits kept shrinking after 2012 due to consumers' diversifying tastes and rising costs.

He lauded China's recent moves toward further reform and opening-up, including the decision to lower value-added tax and adopt a foreign investment law, saying they are "with considerable creativity."