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"Chinese tourists are a growing market for the UK, but only the 10th-highest spenders, so it is a priority for VisitBritain to develop new ways to attract Chinese tourists," he said. "The best way for them to do this is with the help of a Chinese partner who has the right knowledge and expertise."

"Companies are facing challenges because most of them lack the core competitiveness. It's a good thing for the market to decide who can survive and who should be kicked out," he said.

"Considering the scale of banks in China, they should play a more important role in fintech innovations," he suggested.

"China will insist openness and cooperation for mutual benefit during the process of promoting global standards. With the Belt and Road Initiative, we hope more Chinese standards can step outside to contribute to world development," he said.

"China will further open up some non-convertible items under the capital account, and those already convertible will see tradings more liberalized," said Pan Gongsheng, deputy head of the People's Bank of China, at a forum in Shanghai.