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Another potential push for the renminbi is China's domestic consumption. Domestic consumption contributed 64.1 percent to GDP growth by the end of the first quarter of this year. The figure is expected to be higher in the years to come, making China a major final destination in trade relations with other countries－a fundamental support for trade invoicing of the currency.

Ant Financial Services Group has agreed to buy British currency exchange WorldFirst, the company announced on Thursday.

Another noticeable trend is that a growing number of private companies are going global and they are increasingly taking the lead in technology innovation, whether domestically or internationally. Apart from serving their European clients, China's private companies are leading some big changes in their industries after they expanded into Europe, he said.

Another incident involving foreign teachers caused outrage after sixteen foreigners – seven teachers from the Xuzhou branch of EF Education First and nine students from nearby schools – were among 19 people detained in Xuzhou earlier this month in an anti-narcotics crackdown, according to the Xuzhou public security bureau.

Apart from luxury goods shops, department stores or consumer appliance outlets, what Chinese tourists frequent the most abroad these days are museums.