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"Chinese companies looking to acquire beyond China's borders focus on winning at home and exporting abroad, which enables them to strengthen their domestic competitive stance while simultaneously positioning for global expansion, especially in other developing markets," Leung said.

"Companies capable of developing and combining hardware and software in equal measure will shape the future of the automobile," he said. "In this respect, we are quite clearly in the fast lane."

"Chinese mainland people are used to paying for things with their phones, so it will be like home for them," Wei said.

"Chinese tariffs on US agricultural goods continue to have the biggest impact on the farm economy," Purdue University's Center for Commercial Agriculture said in a report to farmers.

"Considering all these, we thought UnionPay credit card will be a great support for the growing business relation with China and other South East Asian countries where this card has high acceptance," he said.