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"Currently we are going through one of the biggest slowdowns that we have seen in recent times," Pawan Goenka, managing director at automaker Mahindra said earlier on Wednesday after the company reported a quarterly profit.

"China urges these countries to abandon hegemony and power politics, and stop all the wrong deeds that go against the trend of history," he said.

"Chinese consumers play an important role in today's global tourism market. China has been a critical market for us," said Joshua Law, vice-president of Qatar Airways' North Asia operations.

"Compared with paper notes and coins, the digital currency can cut issuing costs, such as expenses on printing, transportation and management," said Dong Ximiao, a researcher at National Institution for Finance and Development.

"Crazy new technology is moving around and there are loads of people, and it's always busy," he said.