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"EVCard will strive to be a branded traffic service provider that supports Shanghai's services upgrade," he added.

"During our survey on fintech companies, we found that the financial sector has stepped up the promotion of big data technologies in China, as big data analytics has gained wide recognition regarding its capabilities to increase financial productivity," said Arthur Wang, partner and head of banking at KPMG China.

"Disruption is our opportunity, and innovation is our advantage," Beth Ford, president and CEO at Land O'Lakes Inc, said at an agtech and food-tech summit at Santa Clara University in Silicon Valley.

"Especially the wealth management business and investment banking businesses, which China is a key contributor to the global business map," Qian added.

"Despite global uncertainty and tightening in US monetary policy, which have pushed down some of the emerging market currencies, the 21st century is still likely to be the Asian century," said Douglas McWilliams, CEBR deputy chairman and founder.