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"Cutting the RRR is necessary, as the borrowing costs in the interbank system have risen recently and the small and medium-sized banks still need cheaper funds to increase credit for the real economy," said Lou Feipeng, a senior economist at Postal Savings Bank of China.

"Everyone can get 350 (.6) yuan per day, and we can make about 7,000 yuan by the time we go home. That's much more than I can earn at home."

"Data protection is a must…We are very active on that," Xiao said in an interview at Mobile World Congress Shanghai on Thursday.

"Delayed employment is not that intimidating. Chinese university students have learned a lot from books but lack practice. Most of the graduates choosing to delay employment are hoping to increase their social experience," said Guo Sheng, chief executive officer of Zhaopin.

"Debt is a global problem with a long history. The BRI is just six years old. Do you think it makes sense to blame a young initiative for an old problem?" he said on Thursday in an interview with the BBC, replying to a question on the issue of the trap regarding debt that some countries which have signed up to the initiative can get into.