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"Continued strength of the Chinese yuan sets the foundation for a more affirmative outlook for financial opening up, as well as further progress in RMB internationalization this year. In this regard, financial institutions with cross-border capabilities stand to benefit," the CICC said in a note.

"Consumption drives economic growth by leading investment. Economic growth can only be stimulated if consumption can be expanded to boost industrial production," said Wang Tongsan, an economist with the Chinese Academy of Social Sciences, a government think tank.

"China stands ready to strengthen cooperation with Trinidad and Tobago under the Belt and Road Initiative, and help promote its socio-economic development," he said.

"China would not want to increase the value of the exchange rate and it would not want to undermine the value of the bond," he told this newspaper on the sidelines of the China Development Forum in Beijing on March 24.

"Concerns have been expressed that the adspend in China has been contracting over the past few years. It might be true if it comes to the traditional channels like print media. But the surveys have not included the numbers in the digital area like WeChat Moments, where the future lies," she said.