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Anning is also striving to restore historical and cultural relics, such as promoting its hot spring cliff stone carvings as key cultural relics, strengthening the research on and publicity of important historical figures and boosting the "two lakes and one mountain" natural landscape.

Ant Financial is banking on its 520 million users, who are adept at managing wealth via internet channels, to promote such products. The service uses consumer analytics to recommend the most suitable funds for each user, which are calculated based on previous investments made through the platform and a survey filled out during the sign-up phase, as mandated by regulators.

Apart from offering various opportunities to both sides, cooperation between the two economies is of particular significance amid growing trade tensions in the global economy, Bai added.

Antoinette Schoar, an economist who teaches at the MIT Sloan School of Management, said the Fed should remain "above the fray." "Fed policy should not have anything to do with politics," said Schoar, who is also attending the Jackson Hole conference.

Antonio Guterres, UN secretary-general, also sent a congratulatory letter to the forum, saying China's experience in poverty relief can provide valuable lessons, and encouraged China to continue its leadership in global poverty reduction.