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Analysts expect the country's consumption to be shaped by a booming middle-income group, fast urbanization and technology advances, among other trends, in the coming years.

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.

Anhui Yucheng and Yucheng Global, operators of online P2P lender Ezubao, and 10 company executives, including Yucheng chairman Ding Ning, were charged with fundraising fraud, according to the No 1 Intermediate People's Court in Beijing.

Analysts attributed the slowing profit growth to economic slowdown, and believe the country's debt-for-equity swap policies and enhanced government regulation helped improve their bad loan management performance.

Analysts said the move will improve Audi's China-related strategies and enable voices from the Chinese market to reach Ingolstadt, where Audi is headquartered, faster.