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"China has embraced mobile payments faster than any other country, and will continue to lead the global charge in this regard," said Vishal Bali, managing director of Nielsen China. "Mobile payment is on the rise globally, and will continue to support greater connectivity and efficiency across the commercial ecosystem."

"China and ASEAN have great trade potentials other than areas of tropical fruits and seafood, now that the initiative broke regional barriers by renovating infrastructure and facilitating communications," said Lin Guijun, trade expert and professor at the Beijing-based University of International Business and Economics. "The energy sector, for instance, has seen increasing trade and cooperation."

"China has assiduously been working at reforming the world system to anticipate and address world and regional crises in early stages and prevent them being major impacts on the poor and vulnerable as well as the economic systems," he said.

"China always sticks to equal and fair principles when purchasing 5G telecom equipment. We never preset the market shares for domestic and foreign enterprises," Miao said.

"China has fully opened up its manufacturing sector, and the level of opening-up in services, including the financial sector, is being stepped up," he said.