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"Currently, the overseas pandemic situation is still severe, so we have to face the pressure of keeping the coronavirus out of China — at both land borders and waterways. To avoid any risk of spread across Yunnan, and even the whole country, we have made border management our top priority."

"China's mobile payment is leading the world in both market size and user numbers and Chinese mobile payment companies have stepped up efforts to expand their presence in overseas markets,"Wang said.

"Commercial banks, whether big or small, are not familiar with customer acquisition on the internet or using alternative data provided by third-party service providers to conduct credit investigations. Under the circumstances, fintech companies will serve as necessary enablers for banks," said Victor Li, executive vice-president of Pintec, a Beijing-based fintech total solutions provider.

"Coordination and integration between cities remain the key words of developing metropolitan areas," said Zhang Yansheng, chief research fellow at the China Center for International Economic Exchanges. Shenzhen, the most innovative region in the Greater Bay Area, may join hands with Hong Kong, which boasts top universities, capital markets and a modern service industry. Zhang suggested Guangzhou, as a city of trade and service, could also coordinate with Foshan, which boasts a high-quality traditional manufacturing industry.

"China-US economic and trade relations are mutually beneficial in nature," Yang said.