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Another transit line, a high-speed railway linking Xiongan with Beijing, is already under construction. That railway will also cut the journey between the two to about half an hour.

Another new policy this year allowed graduates from 23 selected UK universities to apply for a six months post-study work visa. The ability to gain valuable work experience in the UK is very attractive for Chinese students, and adds value to their CV even if they return to China to work in the longer term.

Anura Banda, CEO of Beijing Heavenly Trade Co Ltd, points at a globe showing the 'Tea Road' from Sri Lanka to China at his office in Beijing, China, on April 19, 2017. [Photo by Li Xiupeng / chinadaily.com.cn]

Ant Financial said 45 million of its users were born in the 1990s, but did not disclose its entire user base, in a report released in 2017.

Ant said the Alipay mobile app handled 118 trillion yuan worth of transactions in the Chinese mainland in the first half, in the year to June, while international transactions stood at 622 billion yuan. Some 80 million businesses have adopted the service till date, for which Alipay charges a fee, it said.