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Chinese technical experts are confident their self-developed electronic payment platforms such as WeChat Pay and Alipay, which now rank as the top two online payment options in the world, would be compatible with the transition.

Chris Sevilla, Jazmine's father, said in a brief telephone interview that he was feeling "a bit of relief right now" after the arrest.

Chinese shares closed lower Friday. The benchmark Shanghai Composite Index fell 0.48 percent to 3,382.91 points. The Shenzhen Component Index lost 2.12 percent to close at 11,292.93 points.

Cloud-based technologies are the foundation of e-governance, he added.

Christine Lagarde, managing director of the International Monetary Fund (IMF), delivers a speech in Washington D.C., the United States, on Oct 1, 2018. Lagarde on Monday called on economies around the world to "de-escalate and resolve the current trade disputes", as global economic growth outlook has dimmed. [Photo/Xinhua]