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Apart from better control of soil pollution, legislators have also called for better awareness on the safety of agricultural products all across the society, drafting and updating safety standards for more agricultural products, the reduce in the use of pesticide, streamlined government supervision, and the establishment of an universal information system that makes agricultural products traceable.

Ant Financial of Alibaba invested 833 million yuan for a 51 percent stake in Cathay Insurance, a Taiwan-based property insurance company in July 2016.

Apart from guiding companies to adopt advanced international standards, the government should take innovative regulatory measures by using big data and cloud computing technologies, he said.

Ant Financial CEO Jing Xiandong said the company serves over 650 million people on a daily basis and its vast reach has evolved over the years.

Another outdated stereotype is that Chinese travelers do not like physical activity and only do sightseeing and shopping, but with the new generation, this is clearly changing.