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Ant Financial, the fintech company owned by Chinese internet giant Alibaba, has taken a major step into Europe through the acquisition of United Kingdom payments companyWorldFirst.

Another organizer and leader of the gang, Qin Chuntuan, was sentenced to 25 years in prison, deprived of his political rights for four years and had all his properties confiscated. Qin was found guilty of leading and organizing a gang, forced trade, illegal use of agricultural land, forging seals, causing troubles, obstructing public affairs, intentional harm and bribery.

Another potential push for the renminbi is China's domestic consumption. Domestic consumption contributed 64.1 percent to GDP growth by the end of the first quarter of this year. The figure is expected to be higher in the years to come, making China a major final destination in trade relations with other countries－a fundamental support for trade invoicing of the currency.

Another Vietnamese sailor suffered burns and was sent to a hospital. The others were rescued by ships sailing near the scene.

Apart from contract factories, the rest of Apple's suppliers that sell it chips, glass, aluminum casings, cables, circuit boards and much more, also became more concentrated in China, the report said. Among all supplier locations, 44.9 percent were in China in 2015, while the figure rose to 47.6 percent by 2019, the data showed.