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As competition intensifies in China's logistics market, e-commerce giant Alibaba is deepening its collaboration with major domestic couriers to explore opportunities in international and digital businesses.

As comprehensive strategic partners, China and Germany have a highly complementary economic relationship and bilateral cooperation in broad fields, Li said. "Along with the implementation of more significant opening-up policies in China, German companies are showing greater enthusiasm to participate in the Chinese market."

As a result, the Chinese economy is healthier as it shifts from high-speed growth to high-quality growth.

As for currency settlement, Lyn said the Belt and Road Initiative should be developed in coordination with the internationalization of renminbi.

As a rising developing country, China will continue to make contributions to globalization and free trade. Meantime, the nation should also build a more balanced trade structure by relying less on exports to the US and increasing exports to member countries of the Association of Southeast Asian Nations, as well as countries and regions involved in the Belt and Road Initiative.