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As one payment partner of Chinese e-commerce payment giant Alipay and WeChat Pay in North America, Citcon said it has partnered with more than 5,000 top merchants in the United States.

As part of its next step, the company will develop other products such as bags and down coats to enrich its sales lines.

As part of poverty alleviation efforts, the country has set up solar power stations with a total installed capacity reaching 26.36 million kilowatts that has benefited 4.15 million households in 60,000 villages. The annual power generation income has reached 18 billion yuan (.68 billion), which has also created 1.25 million jobs, he said.

As of the end of 2017, the loan balance per small and micro client of the bank was around 28,000 yuan on average. Yet despite the focus on small, often new firms, the bank's nonperforming loan ratio was just 1.23 percent.

As one of the most important markets for Mercer, China has outpaced other markets in growth. Portalatin said he is confident of Mercer's development because the company has laid a solid foundation for accelerated growth. "We see the China market continue to evolve, continue to grow, continue to give us opportunity for the future," he added.