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"China's economy will face a number of challenges, particularly from external factors, so stability will be the main priority," he said.

"China will continue to deepen digital financial inclusion, which will restructure traditional financial models and become a direction of business transition for financial institutions. Digital financial inclusion will bring changes to financial concepts and the organizational structure of financial institutions, restructure their business procedures, and improve their data integration capability and technical skills," said Zeng in delivering a report at the second China financial inclusion innovation and development summit recently held by People's Daily.

"Currently, we have over 200,000 enabled merchants throughout the US right now that can accept Alipay. By partnering with these US merchants, Alipay also helps them to grow because they can tap a group they normally cannot reach."

"Compatriots on both sides of the Taiwan Straits have worked together to overcome difficulties, maintained warm people-to-people exchanges, and forged closer bonds," he noted in the article. "The year 2020 will be the year when we finish building a moderately prosperous society in all respects and complete the 13th five-year plan, marking a milestone for the Chinese nation toward its rejuvenation."

"Chinese carmakers responded fast to local market trends like SUVs, so they could develop fast in the past decade," Li said.