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"China needs its next master of thoughts like Rao," Vandermeersch says. "Maybe this honor doesn't belong to us, foreign Sinologists."

"China highly values ecological and environmental protection," the president said. "Guided by the conviction that lucid waters and lush mountains are invaluable assets, the country advocates harmonious coexistence between humans and nature, and sticks to the path of green and sustainable development."

"By exporting mature technology, China will gather practical experience in the international market and hopefully share the benefit of its experience with more countries around the world."

"China is transitioning from the high-speed growth stage to a new phase of high-quality development," the NDRC noted in a statement posted on its official website on Wednesday. "With the new round of technological revolution and industrial transformation, the domestic and global environment has undergone profound changes. The previous version can hardly adapt the new changes in the new situation."

"China is indeed taking the lead in global fintech," said Wang Lipeng, a partner at KPMG. "Fintech is bringing profound changes to the Chinese economy and industrial reforms."