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"From the end of this year, telecoms operators must not buy any 5G equipment from Huawei."

"For thousands of years, China's rural communities were built on the special connections between acquaintances. For many rural residents, the opinions of a neighbor, a senior villager, or a generally acknowledged gentleman matter as much as the law or the orders from the government. Therefore, financial credit in rural regions could be re-evaluated through the system," said Pang.

"Foreign enterprises want a good price (through technology transfers) in forming joint-venture enterprises with their Chinese partners. It's voluntary."

"Google once found using big data that the more French fries were consumed in the canteen, the poorer its staff behaved, that's why they cut the junk food out of the menu and provided more fruit and vegetables."

"Fintech such as big data, artificial intelligence and blockchain have changed and will continue to bring profound change," said Steven Xu, financial services partner at Ernst & Young.