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As the pandemic continues to spread across the world, global  recovery will be a difficult and tortuous process. Rising protectionism and unilateralism have put the global governance system and multilateral institutions in jeopardy. Economic and social development at the regional and international levels face serious challenges.

As the first project after China lifted restrictions on foreign investment in the auto industry, the local government has carried out "a lot of process optimization to greatly reduce the approval time," said Tesla's Global Vice-President Tao Lin.

As technology increasingly disrupts the agriculture industry, the situation also poses opportunity, which hinges on agtech innovation, according to experts.

As the US financial system deregulated, more than half of the local banks that had financed local companies went out of business－either by failing or by being absorbed into a few big banks. Actually, deregulation is the wrong word: the big banks were allowed to compete nationally, but many new regulations and reporting requirements were so expensive that small local banks could not cover the legal or information technology costs.

As recently as 1990, just a quarter of Chinese lived in urban areas. But by the end of 2017, that had shot up to nearly 60 percent. It's the largest urbanization ever seen in history, requiring whole new cities built where there were once small villages.