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Cross-border, financial blockchain services can play a bigger role in helping SMEs improve the efficiency and convenience of getting export trade financing and other financing credit support, said Henry Ma, chief information officer at Tencent-backed online lender WeBank.

Cross-border e-commerce has added fresh momentum to trade between individuals and small business owners in China and other member states of the Shanghai Cooperation Organization, according to Chinese e-commerce giant Alibaba.

Cricket star-turned-politician Imran Khan, chairman of Pakistan Tehreek-e-Insaf (PTI), speaks after voting in the general election in Islamabad, July 25, 2018. [Photo/Agencies]

Currently, a lot of State-owned companies, such as China Baowu Steel Group, are taking the lead in adoption of smart manufacturing, because they are willing to invest in related equipment and technologies to increase productivity and reduce carbon emissions, in pursuit of high-quality development as a positive response to the national agenda, according to Wang.

Currently, more than 2.7 million enterprises and government agencies in China are using the company's software. More than 4 million enterprises have registered on its cloud service platform as clients, with 290,000 of them being paid clients, Yonyou said.