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"Commercial banks' general asset management business contracted last year, largely due to the newly released asset management regulations. But China's private banking sector grew unexpectedly, leading wealthy Chinese to invest in the country's key sectors to optimize social resources and accelerate the transformation of China's banking industry," said Bai Ruiming, deputy secretary-general of the association.

"Customers' low financial capability as a result of a lack of related education has become one of the key pressures on China's financial inclusion drive," said Mo Xiugen, research head at the Chinese Academy of Financial Inclusion at Renmin University of China.

"Corn yields, for example, can drop by 1.5 to 3 metric tons if the straw is smashed and returned to the field," he said.

"China will become the major driving force (behind) global licensing market growth by the year 2020 when the middle class population in the country reaches 600 million," Riotto said.

"China welcomes Panama to actively participate in the Belt and Road construction," Wang added.