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While the industry is facing a dramatically different future with the rise of electric, connected and autonomous vehicles as well as mobility as a service, Lentz said he saw the change as more evolutionary and revolutionary.

While the China market plunge could be a chain reaction to the resumption of heavy selling in the US stock market the previous day, analysts said investors' sentiment could also be weighed by a string of domestic factors including worries about the government's intensified financial tightening and deleveraging efforts, the surging valuations of large-chip stocks and the potential liquidity shortage ahead of the Chinese New Year holiday.

While there are still shortcomings in the sector's technology and infrastructure, such issues will be resolved as the market continues to mature and develop. With China already boasting the world's largest new energy vehicle market, Chinese automakers have the advantage to position themselves as leaders in the new age of digital mobility.

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While global trade may recover, cautious optimism should inform Chinese exporters' moves. The main concern at present is that the high growth rate of China's exports may slow down a bit, because the surging trade value of previous months was mainly due to lockdowns and other pandemic-prevention measures like factory shutdowns in many countries.

While schools are gradually reopening in several parts of the world, the vast majority of classrooms are still closed across the region. Over one-third of all countries in LAC have yet to set a date for school reopening, said the report.

While the billionaires only accounted for one percent of the global ultra-high-net-worth individuals with over million in net worth, but controlled almost 28 percent of its combined wealth in 2018, said the report.

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While battling for first place in the final stage with Ayantu Abera Demissie from Ethiopia, He was handed a flag by a volunteer who rushed at her from the sidelines.

While these numbers do not seem impressive, we highlight that the surveyed companies probably already operate heavily in the GBA.About 65 percent or more respondents see the GBA being at least as important, going forward, across all their business functions.

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While acknowledging that multilateralism is "under strain," the EBRD president said he is still optimistic about the future of multilateralism, because progress on climate change and inequality, among other issues, "would not have been possible" if it was not for the work of the multilaterals.

While the US has already developed a robust and competitive service industry, China's service industry, especially high-end services, is still developing. "China should look for an appropriate time to open its service economy and quicken the development, and proactively seek collaboration with the United States. At the same time, China should aggressively promote the development of high added-value service trade," Ng said.