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"China's economy is in the midst of an impressive recovery" from the global health crisis, with third-quarter GDP growth coming in at nearly 5 percent, the Fortune article said.

"Compared with ID card and fingerprint information, facial recognition can help identify a person more accurately," Xiang said. "If such information is collected improperly or leaked, the risks will be considerable."

"Crucially, consumer spending is catching up after a slow start and complementing what has been an industrial-led recovery," the report commented, foreseeing retail spending to get a boost from the Singles' Day shopping festival, which fell on Nov 11.

"Clearly, we support what the Chinese government is trying to do," he said. "We don't own the pandas, but the whole world wants to help save the panda, and we do that through our knowledge exchange."

"China will definitely lead the world on many environmental issues ... and it is still a major supplier to the world economy. So you can imagine its power to move markets and change behavior when the country decides to go green."