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"Cooperative mechanisms can also be established for upstream and downstream enterprises in industrial chains, to ensure the smooth operation of the domestic and foreign companies in China," Wang said.

"Commercial banks, whether big or small, are not familiar with customer acquisition on the internet or using alternative data provided by third-party service providers to conduct credit investigations. Under the circumstances, fintech companies will serve as necessary enablers for banks," said Victor Li, executive vice-president of Pintec, a Beijing-based fintech total solutions provider.

"China's three internet giants are building a rich digital ecosystem that is now spreading beyond them. Baidu, Alibaba, and Tencent ... are driving technical performance such as computing efficiency to set new world-class standards," the MGI said.

"Climbing has officially become one of the competition items of the 2020 Tokyo Olympic Games and the 2024 Paris Olympic Games," he said.

"China's funding to Kenya, and other developing countries, is aimed at development. China always attaches high importance to debt sustainability and rigorous feasibility studies and evaluation have been undertaken before loans are disbursed," Wu said.