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"China welcomes enterprises from all over the world to seize the opportunities brought by greater opening-up, to expand cooperation and better achieve win-win results," Li said in a congratulatory letter saluting the BASF smart Verbund petrochemical project in Zhanjiang, Guangdong province, over the weekend.

"China's financial and asset management markets are full of vitality and opportunities. As individual investors' demands keep growing and regulatory authorities continue rolling out proactive and open policies, we expect the market to take great leaps," Lin said.

"China would not give up an inch of its territory," he said.

"Chinese products need to be of good value, affordable and highly innovative," he said.

"China will have similar issues as Germany. China is not a cheap manufacture place anymore. It needs to transform to advanced manufacturing, and needs technology ... to make manufacture more flexible," he said.