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China has undergone remarkable changes over the years. "Seven years ago, mobile payment and bike-sharing facilities were not so commonly seen, but now Alipay and Mobike bicycles are everywhere," he said.

China holds a positive attitude toward establishing RMB clearing bank in Tokyo, the premier said.

China is promoting encryption techniques to go “all domestic” to insure financial security while paving the way to introduce the nation’s own digital fiat currency, according to an expert.

China is the largest rubber consumer in the world, and Hainan is home to the country's largest natural rubber production base. The natural rubber planting area in Hainan has reached more than 8.1 million mu (54,000 hectares), and rubber output in 2018 hit 360,000 tons, accounting for 42 percent of China's total output, according to data from the Hainan provincial department of agriculture and rural affairs.

China is accelerating the transfer of government holdings in State-owned enterprises to the social security fund, as part of its efforts to augment capital resources and bolster the country's pension system.