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And third, "innovativeness". Our pioneering and innovative cooperation is showcased by such projects asthe Suzhou Industrial Park, a magnet for attracting investment, and the Tianjin Eco-City, a demonstration of green and environmentally friendly urban life. A more recent flagship project has been the Chongqing Connectivity Initiative, which focuses on enhancing connectivity and services for economic development.

Analysts believe the yuan will hopefully accelerate its global journey.

Analysts said that the political ties between the two have shown signs of improvement at the same time that their economic links are enjoying robust growth. Trade between the two reached .4 billion last year, a year-on-year increase of 20.3 percent.

Angiola Rucci, project manager with event organizing company Triumph Asia, a unit of Italy-based Triumph Group International, said the initiative has fueled two-way exchanges between China and Europe, supporting their business.

And, in April, the Olympic Council of Asia announced that it will include e-sports as an official medal event at the 2022 Asian Games in Hangzhou, Zhejiang province.