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In early April, President Donald Trump proposed to slap tariffs on billion worth of Chinese imports. China countered it by planning to levy duties on US exports to China, including soybeans, the main moneymaker for farms in Wisconsin.

In addition, the utilization of AI technologies in finance also contributed to efficiency improvement and cost reduction for financial institutions.

In contrast, there was no word of apology from Abe, who did not echo Naruhito's reference to remorse, but only gave thanks for the sacrifices of the Japanese war dead and had nothing to say about the sufferings of Japan's neighbors.

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In another effort to remain dominant, Starbucks announced plans to have 6,000 stores in the country by 2022 — double its current total. That's one store opened every 15 hours. It has also opened its largest store in the world in Shanghai.

In early May, China's top financial regulators announced removal of the quota limit on the trading of domestic securities for qualified foreign institutional investors and qualified domestic institutional investors, which will further facilitate overseas capital inflows into the A-share market.

In early March, the International Monetary Fund predicted global growth in 2020 would be below the 2.9 percent rate for 2019 and revised forecasts will be issued within weeks.

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In comparison, the US still leads the global league table, but wealth creation in that country appears to be slowing, with only 53 new billionaires created in 2017.

In an interview with CNBC, House Majority Leader Steny Hoyer, a Democrat from Maryland, said replacing 70 percent of lost wages isn't "the policy we ought to pursue".

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In fact, Hong Kong has little manufacturing, with most facilities already relocated to the Chinese mainland, where such restrictions are already in place, she added.

In fact, 85 percent of Go-Food transactions come from street food stalls that typically have "really good food but no access to the market".