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"China has now become the second-largest economy, and in the coming decades it will be the largest economy. So, China's leadership has much more responsibility down the road," he said.

"But the pilot program is relatively limited right now, involving a small group of people. The trials' expansion may take more time; it would be a gradual process," said Li, who is head of the blockchain research group of the National Internet Finance Association of China, in an exclusive interview with China Daily on Monday.

"China has a significant market growth potential of its 5G network and it has been leading the development of 5G. This year, 5G will cover 50 cities, and about 300 cities will get 5G connections next year. In the year after that, the connection is likely to be available nationwide," said Xiang Ligang, a telecom expert and chief executive of industry website Cctime.

"Camel milk is nutritious and helps to strengthen people's immune systems," said Zhang Wenbin, deputy director of the Inner Mongolia Institute of Camel Research, an institute focusing on camel genomics and pharmaceutics.

"China is a key and huge market for UBS, and the further opening-up of China's financial sector represents great opportunities for our businesses, including investment banking, wealth management and asset management," UBS said.