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"China has made great progress, but if you reflect back, the Global Findex showed that we went from the low 60s to about 69 percent of people in the world covered in terms of financial access," Kim said, referring to the finding that 69 percent of adults around the world, or 3.8 billion people, have an account at a bank or mobile money provider, up from 62 percent in 2014.

"But of course, some countries are going to be hit especially hard, and some of the weaker banks might need to be resolved," he said, "furthermore, in some countries, there could even be system-wide distress."

"By the summer of the next year, China Eastern Airlines and its subsidiaries are expected to have more than 334 daily flights at the new airport, with 150 routes connected to 115 destinations across the globe," Zeng added.

"China is already in the driver's seat with respect to the adoption of IoT technology, mainly driven by favorable government policies and fierce market competition inside the world's largest electronics manufacturing powerhouse," said Charlie Dai, principal analyst at Forrester, a business strategy and economic consultancy.

"By the end of June this year, 5.7 kilowatt of generators have been renovated, accounting for 60 percent of the total installed capacity of coal-fired power units," said Liu Bingjiang, director of the Department of Air Environmental Management, the Ministry of Environmental Protection.