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"Chinese tourists will be able pay for various hospitality services using Alipay and WeChat Pay," he said, noting that East African traders will be able to purchase goods from China using the Chinese mobile payments.

"China still has a lot of opportunities to develop itself. We have a very big and important business here. We double our business in China every five years or so, and we will continue to invest in the largest cities, while expanding in smaller cities."

"Contrary to perceptions that the Chinese style is very rigid, there is also much discussion in the classroom about the merits of different solutions to problems."

"Consumers have become more conservative spenders," said Xu Ruyi, head of research for Mintel China, which tracks spending across the country's 15 major consumer markets and releases the report annually.

"Chinese enterprises will deepen their partnerships with foreign companies so that global consumers can benefit from faster telecommunications and other 5G-related services as soon as possible," Wen added.