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As the world's largest car market, China is also the fastest-growing market for new energy vehicles as the government looks to ease pressure on its environment.

As to the "pick a side" reported earlier by Wall Street Journal, the source did not think the claim was correct, because if Ant sets a strict line for these big institutional investors to pick a side, they will not accept it. The source said Ant aims to maintain a good cooperation with investors.

As the Belt and Road Initiative is set to push overseas investments to new heights, China should establish smart platforms using big data technologies to facilitate trade and investment, said Wu Qi, global vice-president of the consultancy Accenture.

As trade may not provide the same amount of stimulus to growth in the coming years as it provided in the past, each economy will have to focus on alternative growth drivers, especially elevating the productivity and skills of all workers, Romer said.

As the first product of Terrafugia, the Transition will be sold initially only in the United States. With foldable wings, the two-seat flying car can switch from ground running mode to flying mode within one minute. Powered with a four-cylinder turbocharged gasoline engine, the model can reach a maximum speed of 160 km/h in the air. The company has not yet disclosed the price.