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"Culturally, it's very difficult on their own to understand the payment preferences of every country," Tubb said. "In order to develop the overseas markets, they need partners with global experience to understand consumer behavior. And this is not restricted to just payment methods but many other areas, such as checkout experiences."

"Completion of the contract is conditional on a number of matters, including gaining the necessary regulatory approvals," the service said in a statement. "The parties are working together to conclude a sale as soon as reasonably practicable."

"China's economic recovery will ultimately depend on the success of a large part of the world overcoming the epidemic in a cohesive manner," he said.

"China used to be seen as the world's factory, but now it is seen as the world's market," Marie-Agnes Veve, head of Airbus Helicopters in China, said at CIIE. "It's a fast-growing market, and as such we see lots of opportunities here. Although we have been in China for 50 years and are currently the leader in the helicopter market, we want to continue to be the main actor here in the years to come."

"Chinese consumers, especially those born in the 1980s and 1990s, are increasingly pursuing travel experiences that are comfortable, tailored and individualized," said Neil Wang, president of consulting company Frost& Sullivan China. "The change in the demand side will stimulate the change of the supply side, and both sides will together drive the growth of the sector and the overall economy."