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China is developing new bullet trains with a speed up to 400 kph, and is also researching the next generation magnetic-levitation train with a top speed of 600 kph, said Ding Rongjun, an academician of the Chinese Academy of Engineering, adding that automatic and unmanned drive technology will be used in the future.

China is a dynamic market and Chinese banks are highly efficient in embracing innovative solutions to remove frictions in the cross-border payments. This is clearly visible from the adoption rate of SWIFT's global payments innovation program, or gpi, in China, which is the highest among all countries on the SWIFT network, said Haddad.

China is already more digitized than many observers appreciate and has the potential to set the world's digital frontier in the coming decades, according to global consultancy McKinsey, which attributed such success to the government's active role in building world-class infrastructure and shaping healthy digital development through regulation and enforcement.

China has vast wind resources, both onshore and offshore. The country plans to install 5 GW of offshore wind capacity by 2020, and build seven large-scale wind power generation bases in Gansu, Hebei, Jilin and Jiangsu provinces, and the Xinjiang Uygur and the Inner Mongolia autonomous regions in 2020, in a bid to boost clean energy resources.

China is a world leader in mobile payments, according to projections by eMarketer. By 2021, 79 percent of smartphone users will be tapping, scanning and swiping at points of sale. By comparison, the US will have almost 31 percent of users doing so, and the corresponding figure will be 22 percent in Germany.