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Chinese investment functions as a catalyst in Latin America, serving to bolster the integration of services and infrastructure, Perez added, referring to Chinese companies operating in the region.

Chinese authorities are pragmatic about infrastructure and have placed the Belt and Road Initiative at the center of the policy agenda.

Chinese conventional industries are gaining traction from 5G technologies, as a number of latest products are showcased in the annual China International Industry Fair (CIIF) starting on Tuesday.

Chinese co-working space startup UR Work is introducing an immersive, cashier-free and digitally-enhanced experience in its offices, where face recognition and digital payment technologies allow for the removal of the human element.

Chinese policymakers took stock of the last decade's gains and losses. Despite some challenges, including the possible increase in volatility in cross-border capital flows, "the RMB internationalization still has more benefits than disadvantages", said Guo Kai, deputy director of the PBOC's monetary policy department.