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"Currently, the priority target of monetary policy is to curb further slowing in the growth of the economy," said Yu Yongding, a senior economist at the Chinese Academy of Social Sciences.

"Considering the European market tends to be conservative and stable, the end of the EU's restrictions won't affect demand this year," 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 experience provides valuable lessons to authorities in other countries who are fashioning their own pathways toward sustainable and long-term financial inclusion," it said.

"Consumption at convenience stores is usually spontaneous. Their service is irreplaceable either by traditional stores or e-commerce's same day delivery," said Wang Hongtao, deputy secretary-general of the China Chain Store & Franchise Association.