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"Civil diplomacy is facing challenges during the pandemic, but there are also new opportunities as the Chinese government is aiming to be more open on more levels," he said, adding his organization will continue to promote civil diplomacy and globalization to eliminate cultural barriers and let the world know more about China and vice versa.

"Considering all these, we thought UnionPay credit card will be a great support for the growing business relation with China and other South East Asian countries where this card has high acceptance," he said.

"China's determination of expanding opening-up and the ongoing reform measures have made China's financial market increasingly appealing to overseas investors," according to a statement on the SAFE's website.

"Chinese consumers have been really receptive to the product and its proposition. The reuse rate is extremely high. We see a robust market there owing to Chinese mothers' preference for safer and more premium baby formulas, the consumption upgrade and the universal second-child policy, that have helped to adopt and grow this new category and lead a new trend," he said.

"China resolutely opposes any country taking such freedom as a pretext to conduct illegal and provocative moves in the South China Sea, undermining sovereignty and security of littoral countries, and doing harm to regional peace and stability," Ren said.