With China's investment in Germany increasing at a rapid pace in recent years, the nation's top diplomat in the European country sought to assure that this would benefit rather than harm local economic and employment prospects.

Shi Mingde, Chinese ambassador to Germany, said China is quickly sharpening its industrial competitiveness and rapidly narrowing the gap with its counterparts in Germany, the world's strongest manufacturer.

The past few years saw a growing number of Chinese investment deals in Germany through mergers and acquisitions.