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"By virtue of the number of people who log onto WeChat, they have the largest music app in China in QQ Music, the biggest news app QQ News and the list goes on and on."

"But the possibility of that happening is slim," said Li Daokui, head of the Schwarzman College at Tsinghua University. Li served on the Monetary Policy Committee of the People's Bank of China for two years until March 2012.

"But there are some issues that divide us," including the set of tariffs China imposes on US exports, some standards China imposes particularly on food items, and intellectual property rights, the technology transfers and cyber security, which Ross said are "essentially the basis" for the US' planned hefty tariffs on billion worth of Chinese goods.

"China is highly experienced in infrastructure construction such as airports, highways and subways. India will need that capital as well as the technology and should learn from China's execution capability to advance its infrastructure development," Dave said.

"China has been stocking up on the precious metal ever since it resumed purchases of the yellow metal in December 2018 and the trend is likely to continue," she said.