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"For hydrogen to play a significant role in decarbonization, the industry will need to transform upstream and expand significantly downstream. Hydrogen production will need to move to zero or low carbon processes, and consumption will need to expand to new sectors where fossil fuels are dominant," Xiao said.

"For many Chinese, mobile payment has become an essential part of their everyday lives. It not only changes the lives of young people, but also provides convenience for the elderly," said Zhang Jianjun, an economist based in Gansu.

"Granting more access to foreign financial institutions can be our next incremental step of further opening up," said Zhu Min, economist and former deputy managing director of the IMF. "We have pledged to treat foreign and domestic investors equally in certain areas, and now a good time has arrived to take concrete steps."

"GM had a very good 2017 as we continued to transform our company to be more focused, resilient and profitable," GM Chairman and CEO Mary Barra said in a statement.

"For me, history really touches a chord".