China and Germany on Wednesday issued a joint statement, reaffirming that mutual respect, mutual benefit and win-win results, continued open dialogue, and cooperation in addressing common challenges are the fundamental principles for developing China-Germany relations.

The two sides stressed that economic and trade cooperation is an important component of bilateral relations, expressing their willingness to deepen mutually beneficial cooperation.

Both sides are willing to properly address each other's concerns through candid and open dialogue in order to ensure a long-term, balanced, reliable, and sustainable economic and trade relationship, the statement said.