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"China Baowu is not only China's largest steel-maker, but also a pioneer in state-of-the-art technology application. Exploring the possibilities of yuan-denominated settlement via blockchain is a new proof," said Zhang.

"But the US' strong growth may not be sustainable," he said. "It cannot escape the economic cycle."

"By cooperating with local financial organizations, Hong Kong and Macao young people will have better access to financial support for their businesses in Guangzhou," said Lin Huibin, director of the Guangzhou Tianhe Hong Kong and Macao Youth Association.

"China has accumulated over 30 industrial internet platforms with certain size and commercialized ability. Moreover, more than 630 companies and institutes in fields including manufacturing, automation and internet have joined in the alliance of the industrial internet," he noted.

"China accounted for approximately 30 percent of the cumulative growth in world GDP since 2010; absent this support, there is a very good chance that the world would have lapsed back into renewed global recession in the aftermath of the financial crisis," he said.