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Another key cooperation with the Chinese monetary authority could be in the green economy area, said Chakrabarti, without disclosing details.

Another area that stands out for me is technology and innovation. It is incredible to see the rate of adoption and development when it comes to technology in China today. It has transformed the landscape and forced companies to adopt quickly to engage with customers. But you must be able to understand how best to use all this technology. Yum China has been quick to adopt and, as always, listen to customers. One example is how we led the way in food delivery in China with the introduction of Pizza Hut Home Delivery in 2001. Delivery now accounts for over 14 percent of our business. There is the power of our membership platform and the fact that almost 60 percent of sales were cashless by the end of 2017 from 100 percent cash in mid-2015. That just shows how quickly things can and do change in China and I believe this momentum will continue.

Answering a question from people.com.cn about the budget, he said that the 2017 national medical expense budget is 1.4 trillion yuan (3.6 billion), which is 4.4 times that for 2008. More importantly, medical expenses now account for 7.2 percent of the national budget, compared with the 5 percent for 2008.

Anton Okmyanskiy, a principal engineer at Amazon Web Services, offered more mixed feelings about Bray’s departure:

Apart from JD Finance, Ant Financial Services Group, the financial affiliate of e-commerce giant Alibaba Group Holding Ltd, also enables individuals and businesses to execute payments online in a secure manner.