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"China has made great progress, but if you reflect back, the Global Findex showed that we went from the low 60s to about 69 percent of people in the world covered in terms of financial access," Kim said, referring to the finding that globally 69 percent of adults, or 3.8 billion people, have an account at a bank or mobile money provider, up from 62 percent in 2014.

"China has entered into a new era, and I'd like to say, in the new era, there is something continuous from the past: China will continue to deepen the reform, and the reform will always be on the road," he said.

"China and the United States are the two largest economies in the world … managing their relations effectively, instead of pointing fingers and exerting pressure on one another, is of great concern to everyone," he said.

"By 2022, the emergency rescue rate of the key Great Wall sections in Yanqing will reach 100 percent," he said, adding that it is also the first time that the capital carried out a comprehensive plan for the protection of the Great wall in recent years.

"But, Guangdong should pursue world-class standards of economic governance to avoid missing out on considerable foreign investment in the future," Lau said when the European chamber released its South China Position Paper 2019/2020 in this Guangdong provincial capital on Wednesday.