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"Chinese companies' frenzy for investing in overseas sports industry will cool down for a while. It is positive to have the money invested in domestic sports industry, which has only begun to grow in recent years and has required patience to cultivate its sustainable development," said Adam Zhang, founder of Key-Solution Sports Consultancy.

"Cities and municipalities should promote this option, in particular by setting up car-sharing stations throughout the country in public areas," said Gunnar Nehrke, chairman of the BCS.

"Currently, we have built the complete industry chain which is made up of the BeiDou Navigation Satellite System (BDS) basic products, application terminals and systems, and operation services," said Ran Chengqi, director of the China Satellite Navigation Office.

"China welcomes Kiribati's return to the big family of China-Pacific island cooperation on the basis of the one-China principle at an early date," Geng said. "We stand ready to work with Kiribati to open a new chapter in the bilateral relationship."

"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.