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"China's mobile payment is leading the world in both market size and user numbers and Chinese mobile payment companies have stepped up efforts to expand their presence in overseas markets,"Wang said.

"China welcomes the US side to participate in cooperation within the framework of the Belt and Road Initiative," said the Chinese president, referring to the vision he proposed in 2013 of building an infrastructure and trade network connecting Asia with Europe and Africa along the ancient land and maritime Silk Road routes.

"Clearly it's a question of market size, growth rates and ease of doing business here," Ker Gibbs, president of the AmCham Shanghai, told China Daily.

"China's financial services sector ... is going to further open up," he said.

"Competing against the world's best automakers outside of China is the best way for GAC or other Chinese automakers to improve the quality and performance of the vehicles they make and gain better access to advanced technology from global suppliers," he said.