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Chinese enterprises are encouraged to participate in infrastructure development for these routes and conduct commercial trial voyages in line with the law for their commercial and regularized operation.

Chinese guests and media attending this year's Davos don't need to worry about how much cash they should carry, Palmer said, adding that more than 80 percent of the village's merchants accept Alipay, including hotels, popular Chinese restaurants, sporting goods stores, Swiss watch manufacturer Carl F. Bucherer, and luxury brand Bally.

Chinese cyberspace administration deputy chief Yang Xiaowei says China's digitalization process has undergone robust development, which is reflected in areas such as infrastructure construction, digital economy and e-government.

Chinese people use more than 200 million cars and hundreds of millions of refrigerators, TV sets, air conditioners, washing machines and other household appliances, many of which are replaced by new ones each year, said He Lifeng, head of the National Development and Reform Commission.

Chinese leading gaming outfit NetEase Inc continued to rank as seventh on the list, recording a staggering 53 percent year-on-year increase in revenues to hit .9 billion in the first half of 2017.