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Compared with banks, financial institutions which have a shorter history and less resources will dig deeper into the nonfinancial data of potential customers, such as those collected legally by telecom operators and travel information provided by other business partners so they can explore modeling based on this kind of data, said Chen Haitang, chief business officer of Merchants Union Consumer Finance Co Ltd.

Company executives and officials from 36 countries and regions are scheduled to attend this year's trade fair, with 2,868 booths in an area of 60,000 square meters, including 468 booths set to draw international talents for coordinated development of Beijing-Tianjin-Hebei regions.

Companies like Tencent have been pushing ahead with technologies to revolutionize industries from healthcare to retail. For instance, digital means have been applied to reshape the medical registration process, conduct online training for doctors and assist them with diagnosis using artificial intelligence, said Tencent Vice-President Ding Ke.

Coal, petroleum and petrochemical, and transport sectors posted strong annual growth while sectors such as electricity suffered profit falls.

Commenting on the US side's recent claim that China agrees to purchase large quantities of US agricultural products, Gao said China and the United States are strongly complementary in agricultural trade and have huge room for cooperation.