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Companies like Alibaba have become global names, Wang said.

Cong Hongbin, vice-chairman of international relations at strategic advisory company Falcon and Associates, said the petroleum and natural gas industry accounts for about just 2 percent of Dubai's GDP, while the majority comes from the service sector, such as trade, logistics and tourism.

Coincidentally, the prestigious US weekly magazine, TIME, also wrote a Chinese phrase on the cover of its latest issue, corresponding to the English headline "China won".

Commenting on the policy stance set in the Central Economic Work Conference, a research team under the Bank of Communications believes such structural adjustment will continue in 2018, with little possibilities of changes in universal RRR or interest rates.

Compared with brick-and-mortar financial institutions offering face-to-face investment consultation, intelligent asset management features the utilization of cutting-edge technologies such as cloud computing, machine learning and big data in financial products and services, aiming to improve operation efficiency and customer experience, the report said.