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Analysts said the authorities need to continue implementing supportive policies, such as tax and fee reduction, to boost the economy.

And we believe there’s also a broad area of convergence between the Belt and Road Initiative and ASEAN, on the Association of Southeast Asian Nations Master Plan of Connectivity. So, because of this, we see that there are broad areas of possible cooperation that we can pursue.

An outbound Chinese tourist pays with Alipay at the checkout of a shopping mall in Sydney. [Photo by Xu Kangping/For China Daily]

And the usage of recyclable boxes is limited in scale. For JD Logistics and SF Express, recyclable boxes only cover less than 0.5 percent of their services, said the report.

Andy Mok, research fellow at the Center for China and Globalization, an independent think tank in Beijing, believes such legislation is vital if China is to advance to the next stage of its development.