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"China is willing to better align the Belt and Road Initiative with Vanuatu's development strategies and deepen mutually beneficial cooperation in such areas as infrastructure, economy and trade, fisheries and tourism," Li said.

"China is way more advanced in mobile payments," said Virkkala. He told Xinhua that he believed "the approach is now coming to Europe."

"China has deepened and widened the opening-up of its financial sector by issuing licenses to foreign investors, allowing them to establish wholly owned companies or take a controlling interest in joint ventures in major business segments of the financial sector. It means that foreign investors can make better use of what they put great emphasis on－their management capabilities and management authority," said John Qu, senior partner at McKinsey, at the 2020 Global Wealth Management Forum in Beijing.

"China follows its own path," he said, referring to socialism with Chinese characteristics.

"CES has a history of more than 50 years; it's already deep-rooted in China and among Chinese companies," said Lv Kun, chief representative of Qingdao, Shandong province. Over the years, she has led consumer goods manufacturers such as Hisense and Haier to CES.