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As China finally introduced the policy of reform and opening-up and abolished the coupon system, more Chinese had the financial leeway to buy goods as they wished on the back of an increasingly open market. Since the 1990s, cash has dominated the payment scene for a substantial span of time.

Apple has gained the top spot in the study, knocking Google off of its perch. In fact, Apple scored the top score in the history of the 13-year study, and led in four of the six categories. (See chart below).

As China has been pushing green development, it has plenty of experience in energy transition in fields including green finance and technology transfers, which can be shared through the BRI, Zou said.

Article 35? A person who is convicted of an offence endangering national security by a court shall be disqualified from standing as a candidate in the elections of the Legislative Council and district councils of the Hong Kong Special Administrative Region, holding any public office in the Region, or serving as a member of the Election Committee for electing the Chief Executive. If a person so convicted is a member of the Legislative Council, a government official, a public servant, a member of the Executive Council, a judge or a judicial officer, or a member of the district councils, who has taken an oath or made a declaration to uphold the Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China and swear allegiance to the Hong Kong Special Administrative Region of the People's Republic of China, he or she shall be removed from his or her office upon conviction, and shall be disqualified from standing for the aforementioned elections or from holding any of the aforementioned posts.

Apple shares rose 4 percent in after-hours trading to hit a fresh all-time high.