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Analysts said they believe the upsurge of net profit and net income is a result of cost optimization and increased prices of natural gas, crude oil, refined oil and other products.

Angang Steel Company said its net profits would rise 236 percent to 3.3 billion yuan (7.7 million) during the first three quarters on recovering market demand and cost-efficiency moves.

And he said it is a matter of time before the mobile payment systems that are ubiquitous in China catch on in the West.

And starting this month, Chinese visitors will be able to buy goods with the mobile payment platform WeChat Pay.

And according to the Asia Development Bank, infrastructure projects for the Belt and Road Initiative will top trillion by 2020.