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"China values very much our regular monetary and fiscal policies. We will not pour cash into the market or adopt monetization of financial deficit. Negative interest rate will neither be implemented," he added.

"Currently our government and universities are producing a lot of management-level people for the IT industry as well as technical people with specific technological capabilities when it comes to working on networking systems, data base administration and software development," Rahman added.

"China wants to make a huge step forward from the mass production level to being one of the leading countries in the field of manufacturing. It has a special focus on innovation and quality, which is what Germany can offer," Obenaus said.

"Chint has been actively integrating and promoting productivity in foreign countries, including the construction of its logistics centers, which deepens its overseas channel," said Tang Xuewen, an analyst from Shanghai-based Everbright Securities, in a report.

"China's decision to put products like wine in the first group of commodities subject to tariffs, leaving other commodities like pork in a second group, is an interesting strategy," said Larry Karp, professor of agricultural and resource economics at the University of California in Berkeley.