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"China's sound economic fundamentals for long-term and high-quality growth remain unchanged despite the epidemic," he said.

"China will keep improving the market-oriented foreign exchange regime and maintain flexibility of the yuan exchange rate, generally at a reasonable and stable equilibrium this year," said Wang Chunying, spokeswoman of the State Administration of Foreign Exchange, the country's foreign exchange regulator.

"Considering the cost and time it would require, I had no choice but judge that pursuing the plan is not logical," Kono said.

"Culturally, it's very difficult on their own to understand the payment preferences of every country," Tubb said. "In order to develop the overseas markets, they need partners with global experience to understand consumer behavior. And this is not restricted to just payment methods but many other areas, such as checkout experiences."

"China today is one of the biggest markets for irrigation in the world and it will continue to grow," said Gal Yarden, vice president of the Israel-based Netafim, the inventor of dripping irrigation technology and also the world's leading irrigation system provider.