Nation will play 'huge' part in lifting European fortunes

China has become "hugely important" for Europe to escape its current economic downturn, according to European experts, who are urging the government to continue with policies that will help ensure growth, and strengthen two-way investment.

The European Union recently forecast a worsening economic picture with core member states such as France expected to grow by just 0.1 percent, and Germany by 0.5 percent in 2013.

Britain also had its much-coveted triple-A credit rating downgraded by rating agency Moody's on concerns over its negative economic outlook.