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"Consumers may think UnionPay was too slow and trailing Alipay and WeChat Pay. But, UnionPay launched QR code-based payments only after the authorities officially approved such mobile payment systems," said Liu Fei, a retail sector researcher with Shanghai Mingshan Consulting.

"Clearly the growth of China is significant for us," he said. "China is the No. 2 economy in the world, and a major trading partner, and we have closest proximity."

"Companies need to upgrade marketing strategies by adopting data technologies to understand consumer preferences, expand brand influence among acquaintances and create more valuable content," he said.

"Chinese power producers are all seeking more advanced solutions," said Jacobelli. "We would expect that companies such CGN New Energy will continue to seek out more advanced wind, solar and energy stor-age technologies in coming years."

"China's mobile industry has been a key driver of economic growth, inclusion and modernization－creating a new generation of digital consumers and transforming industry and society," Granryd added.