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Colored frogs in a glass container. According to experts, colored frogs can cause allery to children.[Photo/VCG]

Concerns over the renminbi have risen in recent days after the currency hit its lowest level in a decade on economic concerns and rising trade tensions. On Wednesday, China's national statistics agency reported a lower manufacturing purchasing managers' index of 50.2 in October, narrowing from the 50.8 seen in September and an indication of a slower expansion in manufacturing activities.

Commenting on China's economic performance in 2018, the ex-Morgan Stanley senior executive stressed that it would be important to look behind the headline gross domestic product (GDP) report and examine carefully the components of the gain -- especially the split between tertiary and secondary activity in order to assess China's ongoing progress in structural rebalancing.

Compared with its major competitor Mastercard, Visa Inc made a different choice regarding its push into China. Alfred F. Kelly Jr, chairman and chief executive officer of Visa, said last year the leading global payments technology company has applied for a bank card clearing license in China as a wholly owned foreign enterprise.

Compared with previous transformational stages in information technology, China is riding the current AI wave at a fast speed, with chips being the critical technology to promote such development, said Yin Shouyi, an associate professor of microelectronics at Tsinghua University.