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"China has made great progress, but if you reflect back, the Global Findex showed that we went from the low 60s to about 69 percent of people in the world covered in terms of financial access," Kim said, referring to the finding that globally 69 percent of adults, or 3.8 billion people, have an account at a bank or mobile money provider, up from 62 percent in 2014.

"China is opening a door in Latin America and the Caribbean that leads to progress in development, and provides opportunities for countries such as Mexico, Brazil and Argentina that need to diversify their economies," Mexican expert on international relations Ulises Granados told Xinhua News Agency.

"But the number of immigrants allowed into the country is now so large that it may be overwhelming the assimilation process, including learning English."

"China has entered a new era of consumption. Chinese consumer market is being reshaped, especially by the middle and affluent classes with strong purchasing power.

"By the end of last year, all 10 counties in Sanming were selling homegrown products online, improving the lives of local farmers," he said.