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"Developed countries usually boast high medical care costs. Even for a minor sickness or fever, it can still cost a significant amount of money. So we suggest that travelers heading to those countries consider buying insurance and filing their claims promptly, thus avoiding their compensation being refused for delayed reporting," Huang said.

"Escalation of the trade war between the US and its major trading partners would be negative for US multinationals and the US labor market," said Zhang. "China's rising demand for US products, such as food and energy, may also help some US regions that were previously negatively affected by globalization."

"Europe needs to maintain its own course," the BDI said, adding that the European Union would decide independently which companies it would allow to build 5G network infrastructure.

"Despite the fast development of 5G, its commercialized progress has entered a crucial phase where telecom carriers are faced with an array of challenges," said Li Zhengmao, vice-president of China Mobile.

"Demand has been so great that there are now about 300,000 farmers cultivating 1.5 million hectares of flowers in the province, up from just a few dozen growers and less than 10,000 hectares back in the 1990s," Mao said.