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And what is true for Germany is also true for the whole of Europe: The European Union is China's most important trading partner and the largest sales market. China's trade volume with Germany is almost as large as China's trade with France, Great Britain and Italy combined. And the Port of Duisburg is the main hub for this trade. German companies and their joint ventures have made outstanding contributions - to the benefit of both sides - to China's technological development. Many companies have also introduced new elements of a socially oriented corporate culture. Increasingly, Chinese companies are also investing in Germany for mutual benefit. Despite the current slowdown in growth, many German companies want to expand their business in China. In order to continue to develop economic dynamism in the future, innovations are essential - for example, to drive forward the digitization of industrial production. We would like to cooperate even more closely with China in this area - especially when the legal protection of innovations is better secured.

Analysts, including Han Xiaoping, chief researcher at industry and energy website china5e.com, said the listing of Murban futures contracts is a move by the oil producers and traders to rival well-established crude oil bench marks such as Brent and West Texas Intermediate.

Angola has set up an attractive business environment which will help attract more Chinese enterprises and investors, the minister said.

Analysts said such structural reforms could help the country to maintain a more sustainable economic growth in the long run.

Analysts say the data reflects new-found vitality in regional economies, unleashed by economic restructuring, which includes promoting consumption-led and innovation-driven growth, de-stocking outdated capacity, cutting corporate costs and deleveraging.