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"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.

"Chinese companies are very innovative in e-commerce, mobile payment and sharing economy," she said.

"Considering the European market tends to be conservative and stable, the end of the EU's restrictions won't affect demand this year," he said.

"Continuing the move toward a more market-based and transparent monetary policy framework is a key element in ensuring an orderly transition to an effective float, which may also require use of foreign exchange reserves to smooth excessive volatility," suggested the IMF, proving that China's foreign exchange reserves are sufficient.

"China, as the second-largest energy consumer globally, has a huge demand for energy. Thus, promoting methanol fuel as an alternative is important to reduce the country's dependency on imported resources," He said.