Further opening-up a boon to business

The further opening-up of the Chinese economy will bring more opportunities and potential for growth to Europe, according to Hubert Lienhard, chairman of the Asia-Pacific Committee of German Business.

China's decision to let markets play a decisive role in allocating resources is "an important step to further open up its economy," Lienhard said in a recent written interview with Xinhua News Agency ahead of President Xi Jinping's state visit to Germany, which began on Friday.

"For us, China's further opening-up means more sales opportunities and potential for growth in the gigantic and dynamic market."