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"China's further opening-up will bring more development opportunities to multinational companies. Our development will be more diversified," he added.

"Companies from Europe, Japan and the United States therefore have already discovered that it is time to invest more in Chinese research and development, as well as its science and technology and design businesses," said Feng. "New growth points are expected to present themselves as the economy becomes more sophisticated."

"China's economic restructuring may not have a major adverse effect on the supply and demand side of the economy," Zhang said.

"China reserves the right to react," Wang told reporters at a regular news briefing in Beijing.

"China will have similar issues as Germany. China is not a cheap manufacture place anymore. It needs to transform to advanced manufacturing, and needs technology ... to make manufacture more flexible," he said.