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"China welcomes foreign businesses to invest and develop in China. And we will continue to unswervingly expand opening up, create a more open and business-friendly environment and protect the legitimate rights and interests of foreign investment," Meng said at a news conference in Beijing.

"Chinese tourists will be able pay for various hospitality services using Alipay and WeChat Pay," he said, noting that East African traders will be able to purchase goods from China using the Chinese mobile payments.

"Consumption must be the ballast of the Chinese economy, because it is one of the strongest engines for China's economic development. Shopping malls are one of the most direct places for consumption. Therefore, I am extremely positive about our future," said Ding.

"China's ban is crucial for elephants," said Peter Knights, executive director of WildAid, a nonprofit organization based in the United States.

"China's CPI growth is expected to go low from high in 2020," said Meng Wei, a spokeswoman for the National Development and Reform Commission.