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China will remove policy barriers for cross-border payments and enhance financial infrastructural construction in foreign countries as part of efforts to further promote internationalization of the yuan, the vice-governor of the country's central bank said Sunday.

China's 2017 online retail sales is approaching trillion that will buttress the country's position as the largest e-commerce market in the world, S&P Global Ratings said on Monday.

China's CAGR (compound annual growth rate) of venture investment in innovation has been up to 41 percent since 2012. Unlike in the US, where financing in innovative industry mainly relies on venture capital, multiple Chinese technology enterprises make a great deal of investment in internet and AI with their own funds. This establishes a relatively loose financing environment for the development of domestic innovative industry.

China will step up its push to expand its 5G network coverage, build a dynamic industrial ecosystem and strengthen international cooperation, so as to quicken the commercialization of the superfast wireless technology, officials and experts said.

China's biggest online travel agency, Ctrip, recently opened its first call center outside of China in Edinburgh after acquiring Scotland-based Skyscanner two years ago, said Ctrip CEO Sun Jie. The aim is to better serve Chinese tourists during their overseas trips.