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"China's steel output grew rapidly in the first quarter of 2019, and crude steel output from China accounted for more than half of the world total, a record," he said, adding the increased output has led to increased steel inventories.

"Compared with the policies allowing foreign banks to set up branches in China, in addition to wholly owned subsidiaries and joint-venture banks, or remove caps on foreign ownership in Chinese financial institutions, we pay higher attention to the policies that expand the business scope of foreign banks," he said.

"Companies have been able to circumvent losses from canceled export orders due to the robust domestic demand," she said.

"China's rate of account ownership - a basic metric of financial inclusion - has increased significantly and is now on par with that of other G20 countries," while having the world's largest agent banking network, said a news release on the website of the World Bank.

"Cultivating talents in the Guangdong-Hong Kong-Macao Greater Bay Area should start from students. If students can learn in an entrepreneurial environment, we can create a better ecosystem of entrepreneurship," Clement Tang said.