The conference has been held every five years since 1997 and is widely considered to set the tone for financial reforms.
The country has remained the largest auto maker and market for nine consecutive years.
The country has seen constant progress in its chip design, manufacturing and test technologies, Wang told Xinhua in an interview.
The consistency of petroleum material in the seawater in the nearby area has been up to 25 micrograms per liter, according to an analysis from the State Oceanic Administration on Saturday.
The country will continue improving the business environment and enhancing the stability of foreign investment, said Ye Wei, an official with the MOC.
The cooperation between the two countries plays an increasingly significant role in safeguarding world peace, stability and promoting joint development, Xi told Merkel.
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The corporate sector, often considered the most troubled in terms of debt levels, has become a major target of the deleveraging drive.
The country has also established e-commerce cooperation mechanisms with 22 countries and signed third-party market cooperation agreements with multiple countries.
The cooperation will help to share China's experience and successes in overcoming food security challenges with other developing countries, he said.
The country' s civil fleet reached 3,296 by the end of 2017, with 71.67 percent of flights on time.