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"China has already succeeded in e-commerce and digital economy. Such experiences can be replicated in BRI economies," said Jing Xiandong, Ant Financial's executive chairman.

"By essentially trading cryptocurrencies in a decentralized way, we are building the financial system of the future," he added.

"But once the price went crazy, it's a matter of time before the market collapsed," said Liu.

"China is ready to work with Zambia to uphold the fine tradition of friendship and cooperation, promote bilateral ties in a strategic and long-term perspective, and continue to show mutual understanding and support each other on issues concerning the core interests and major concerns of the two countries," he said.

"China has undertaken substantial efforts to improve the domestic business climate for small and medium-sized enterprises, maintaining an active pace of reforms," said Martin Raiser, World Bank country director for China.