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"Culture is changing," he continued. "But we have to find how to interpret the meaning of culture in the context of the 21st century… We need to better translate our own cultures and have them better understood and received by others."

"Cultural products that illustrate Beijing's culture and the charm of the Chinese culture can be seen in details at the exhibition," he said, adding the event will help the Egyptians to get a closer look at the Chinese capital.

"Chinese tourists now expect the ease and simplicity of instant mobile payments. If European merchants can adapt to this, they will reap the benefits of having more Chinese customers as well as revenue," he said. "We are excited to see thousands of merchants accepting Alipay around Europe today and we expect continued strong growth in 2019."

"Chinese consumers are trading up to higher-quality products," Jeff Walters, BCG managing director and co-author of the report said. "Digital technology is one of the underlying drivers that will continue to spur purchases."

"China's fast development following its reform and opening-up policy since the late 1970s impressed me a lot. So I chose China as my first stop for overseas studies," he said.