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Another major change introduced to the National Games is that Chinese who have obtained foreign citizenship, foreign decedents of Chinese immigrants and Chinese citizens who are residing abroad were also allowed to compete at the Tianjin Games. According to the SGAS, eight overseas Chinese athletes have been granted entry into the Aug 27 to Sept 8 Games. It is the first time in the 58-year history of the event that overseas Chinese have taken part.

Another Chinese company, Mobike, which offers a similar bicycle service, continues to operate in several cities in Israel.

Apart from building a cloud computing platform and an enterprise-level blockchain platform, it also applied artificial intelligence to over 1,000 scenarios, including robo-advisory and intelligent customer service.

Another advantage is that it can increase transaction efficiency, Shu added. A manager surnamed Yi at a bookstore in Shenzhen told China Daily that the monetary value of sales is deposited directly into the store's bank account and there is no need to operate another third-party account. However, Shu said customer choice dominates the future of the payment structure. As existing channels have covered nearly all consumption scenarios, the digital yuan needs to make breakthroughs for broader acceptance.

Another industry zone, developed by China Civil Engineering Construction Cooperation in Hawassa, started operation in 2016. Berhane said that it aims to create 50,000 jobs and generate billion a year.