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"China has been pushing the digital Silk Road and sharing the benefits brought by digital transformation," said Lin Nianxiu, deputy director of the National Development and Reform Commission. "We have signed cooperation agreements with over 16 countries in the building of the digital Silk Road, and launched the Belt and Road Digital Economy International Cooperation Initiative with seven countries."

"China needs to speed up the development of digital currency supervision and sovereign digital currency issuance mechanism," said Li, who is also head of the blockchain research working group at the National Internet Finance Association of China.

"Certainly, it will help propel us. To sustain supply means increased production capacity, rebranding among other things," he said.

"China deems the Maldives as an important partner to building the 21st Century Maritime Silk Road," Xi said.

"China is a fast-growing major global economy with a burgeoning retail sector, due to the size of its population," said Nancy Wang, managing director of Trax in China. "Retail is transforming rapidly in two specific areas: the shopping experience and technology adoption."