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"China is already a global digital economy and it is going to have a greater impact on the global digital world," Jonathan Woetzel, senior partner at Mckinsey and director of the McKinsey Global Institute (MGI), told Xinhua in a recent interview.

"China has played a very important role in enhancing multilateralism in the global economy," he told Xinhua.

"By issuing a certificate of deposit, we can give full play to advantages of the interbank bond market to provide low-cost funds in support of the production and operations of businesses actively participating in containing the novel coronavirus outbreak and securing livelihoods. At the same time, we can also ensure the real economy will run steadily," said David Liao, president and CEO of HSBC China.

"China has the complete industrial chain and system as well as a huge market. It is entrepreneurs who will finally make their choice cautiously," he said.

"But there is still a structural gap between China's service trade and other economies. The country's per-capita service trade is smaller than many countries."