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"China has an edge over many other countries in terms of promoting the development of open banking, since Chinese bankers are embracing change with an open mind," Wang said.

"China is open today to new technology and also has advanced technology means such as communications and clouds," said Israeli. "We are looking for more cooperation in the future, and I am sure about this."

"But we have our unique advantages－our dedication and focus over the past four years have given us probably the most complete set of building blocks for the era defined by intelligence, namely, SIOT and smart infrastructure, along with AI, big data, and services," he said.

"China has started relatively late in the development of commercial endowment insurance and thus lacks enough experience. It is important to learn from advanced experience worldwide, continue to open up our insurance sector, and in this process, develop our own commercial endowment insurance to meet the needs of an aging society," Li said.

"China has vast grasslands along its border," said Yu Guangjun, director of the institute of economics at the Inner Mongolia Academy of Social Sciences. "These have been vital to curb the trend."