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China's mobile payments are also going abroad. Alipay and Wechat Pay have been widely accepted across Thailand, from small street vendors in Chiang Mai to large duty free shops in Bangkok. If you need to pay in any other currency, say British Pound, US dollar, Japanese Yen, Canadian Dollar, Euro, or South Korean Won, you can also easily make the "exchange" in your Apps. China is also strengthening the protection of data privacy and financial security in these digital payments in order to make "grab your phone and go wherever you want" more carefree.

China's giant personal computer maker Lenovo Group Ltd posted a quarterly loss on Friday－blaming higher costs and sluggish sales in the personal computer and smartphone market.

China's new round of reform and opening-up will encourage global companies from the high-end manufacturing sector to further transform traditional industries with smart manufacturing in the country, said business executives.

China's fiscal spending expanded 9.9 percent year on year to around 13.8 trillion yuan during the January-July period, MOF data showed.

China's opening-up was brought up in a massive meeting of entrepreneurial minds in Silicon Valley this week.