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"China is firmly confident that its economic fundamentals will remain sound in the long term and the Chinese economy will keep growing at mid and high speed toward becoming a medium and high-end economy," Lu said at a regular news conference in Beijing.

"By then, we could be a 0 million company," the entrepreneur said. According to Parafuzo's funding brochure, the company, which was set up in 2014, already had a break-even cash flow by November 2016 and in that year, it had .93 million in GMV, 3,000 in net revenue and 3,000 in net loss.

"China is already a leader in e-commerce in many ways, especially in online payment that enables consumers in big cities to pay with mobile phones. Everything from supermarket shopping to utilities and taxi fares can be paid via an e-wallet," he said.

"China and Pakistan are 'ironclad' friends that share a good tradition of mutual assistance. At this time of difficulty, the support from the Pakistani side again showcases the two countries' deep-rooted friendship," said Yao.

"China is now becoming a country that's more of an innovator rather a country that relies on the technology of other nations, so that is a very good sign," said Edwin Maher, a visiting professor of journalism studies at the Communication University of China.