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"China has embraced mobile payments faster than any other country, and will continue to lead the global charge in this regard," said Vishal Bali, managing director of Nielsen China.

"By putting the funds into special accounts designated by the central bank, the payment firms can no longer earn interest on the reserved funds. Meanwhile their bargaining power with banks will be greatly affected," he said.

"China is the victim of US trade bullying," he added.

"But now we have two jobs, first is to patrol and protect the red pines, and then pick up some pine nuts," Dai said, adding that he can collect about 400 kilograms annually from the 20,000 red pines for which he's responsible.

"China has created in the past 20 years many potential advantages, and it is starting to use some of them. But I think it can use those advantages much more quickly and strongly, particularly in the energy sector. China is in a good place to put these advantages to work," he said.