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"China's own great changes and its perception of the future are very important. If we look at it in a more profound sense, China is the future," he said.

"Cross-border yuan settlements will not only lower the risks from currency rate fluctuations, but also lower exchange costs for various currencies and improve trading efficiency," said Wang.

"China's economic miracle was fueled by industrialization, investment and trade, but today domestic consumption is the main driving force of growth."

"China will promote high-quality development and build a new system of an open economy of a higher level," Wang said. "The scale of the domestic market will be further expanded. The combination of the domestic and international markets will be closer. There will be more room for cooperation between countries and China."

"Currently, we have worked with partners to launch multiple 5G smartphones and bring the 5G experience within reach. Moving forward, we will continue to join forces to bring diverse 5G-powered, innovative applications to more consumers and industries," Meng added.