Premier Li Keqiang pledged on Monday more opportunities for German investors while also giving his endorsement for more Chinese enterprises to invest in Germany and the rest of Europe.
Preferential terms will be given to German investors in the logistics, education and medicaltraining sectors, Li said in Berlin, the German capital.
He was speaking on the last day of his tour to Germany, Switzerland, Pakistan and India.
China's focus has changed from large-scale investment in basic manufacturing to a large variety of modern services needed for the nation's unprecedented urbanization program.
Li chose Germany as his first stop in the European Union since taking office in March, aiming toexpand mutual investment between China and Europe.
Ongoing industrialization, urbanization, the spread of information technology use, andagricultural modernization in China will provide huge potential for investment from Germany andfrom the world, Li said.
Commenting on China's economic situation, he assured his audience that the country's growthrate is within a "reasonable" range although it slowed slightly in the first quarter of the year fromthe last quarter of 2012.
Continuing reforms will help the economy remain on a steady course for growth, the premiersaid.
The founding of the China-Germany Chamber of Commerce was also announced on Monday inBerlin. It is set to be one of the largest business organizations for Chinese enterprisesoperating overseas.
After Li met with German Chancellor Angela Merkel on Sunday, China and Germany said theywill strengthen their partnership in urbanization and cooperate on agriculture, forestry, grain,consumer protection, food safety and eco-labeling.
They also agreed to deepen dialogue between their central banks, and improve the dialoguemechanism between their finance ministers.
In 2012, China became the third-largest foreign investor in Germany in terms of the number ofprojects, trailing only the United States and Switzerland.
Outbound direct investment from China to Germany increased by more than 100 percent lastyear, overtaking Germany's annual investment in China for the first time. Germany was thedestination for more than 50 percent of China's ODI in Europe last year, according to theCommerce Ministry.
China's cumulative investment in Germany accounts for 2 percent of total foreign directinvestment in the country.
Yan Jin, deputy director of the School of International Studies at Peking University, said the twocountries will complement each other much more rather than acting as competitors.
Germany is a good partner to help China sharpen its innovative capabilities, improve thequality of its technology and add value to the manufacturing sector, she said.
"Germany's high-end machinery manufacturing, energy conservation and environmentalprotection sectors can provide more exports of techniques and goods to China, while Chinahas advantages in labor- and capital-intensive industries," Yan added.
Mei Xinyu, a senior economist at the Chinese Academy of International Trade and EconomicCooperation, said: "The premier's visit to Germany is expected to inject fresh impetus intorebounding Sino-EU trade and help the EU economic recovery.
"Most of the existing laws and regulations on China-EU trade were formed in the 1980s, andalready lag far behind rapid developments," Mei said.
"We hope the two countries' leaders can jointly improve the bilateral trade mechanism, refreshthe rules, and accelerate economic cooperation and coordination."
Yan said deepened mutual trust between China and Germany is a priority to speed up theirtrade ties. "Germany is able to set a good example for the EU, in that disagreements andcontradictions can be solved through a dialogue mechanism instead of sanctions," she said.
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