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China plays an increasingly significant trade role for Asian countries such as India or Vietnam, which strive to increase income level and stimulate industrial development.

China stands ready to maintain high-level exchanges with the EU, move forward with pragmatic cooperation and ensure that talks on China-EU investment agreements are concluded at an early date, he added.

China supports its companies to invest in New Zealand and Li called on the Oceania country to offer a fair and transparent business environment. New Zealand companies are welcome to invest in China and strengthen technological cooperation, based on strict intellectual property rights protection, Li said.

China sold 28.08 million autos last year, down 2.76 percent year-on-year, according to the China Association of Automobile Manufacturers.

China may face a tougher deleveraging task this year, compared with last year, in light of the economic stability measures for curbing the virus, said Zhang Xiaojing, deputy head of the National Institution for Finance and Development (NIFD) under the Chinese Academy of Social Sciences.