China's economic transformation "great": Luxembourg minister

LUXEMBOURG, Nov. 6 (Xinhua) -- Luxembourg Minister of the Economy and Foreign Trade Etienne Schneider said on Tuesday China's economic transformation has been "great."

"The invention and research and development which was made in China's economy is huge," Schneider told Xinhua in an interview.

"So I see the Chinese economy is more and more becoming a high-tech economy. That's important and would bring the world forward," he said.

Taking solar technology as an example, Schneider said from a viewpoint of the development of renewable energy, "all the developments which have been made in China and which improved the systems are extremely favorable to the climate also in Europe," although they "put some problems to our industry and business."

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