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"Chinese tourists now expect the ease and simplicity of instant mobile payments. If European merchants can adapt to this, they will reap the benefits of having more Chinese customers as well as revenue," he said. "We are excited to see thousands of merchants accepting Alipay around Europe today and we expect continued strong growth in 2019."

"Chinese culture is different to that in the rest of the world, especially the European Union. In China, people work harder and are more willing to experiment by trial and error, while Europeans work in a more structured way. By the time people in the EU have come up with a structured plan, the Chinese have already developed a solution," he said.

"China will be a new, fast-growth market for our electric vehicle charging station business, and we will also install another 500 new charging poles in Europe," said Istvan Kapitany, Shell's executive vice-president for global retail.

"Combined with products for palladium and platinum, this will help China complete its all-category pricing for metals," he said.

"China's industrial upgrade was inevitable," said Feng. "Even though many people these days are saying that manufacturing is shifting outward, this is a positive signal, because China's development has reached a certain level and it is reasonable to conduct international industrial capacity cooperation."