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"Despite the divergent forecasts for China's GDP growth, no one would doubt the potential of the economy, and China is still the driving force for global recovery," he said.

"During the process, many foreign companies will spend more than 3 percent of their total revenue on digital transformation. Chinese firms, on the other hand, may spend 1 percent to 1.5 percent of their revenue for the same," Sun said. "It is a good thing that more and more Chinese companies now consider digital transformation a priority. But it will still take a long time for them to increase the IT spending and finally enter the mature period when the integration of IT and the firm's business will foster new opportunities and generate new revenue streams."

"Even though the one-child policy was scrapped in late 2015, we shouldn't shove aside the stress of elderly care confronting the only children in China," he said. "Besides, no insurance program can compare to the comfort seniors get from their closest family members."

"Egypt is an important gateway for banks and financial companies from China to enter into African continent," Etreby said at the office opening ceremony on Thursday.

"During the pandemic people have faced a lot of pressure as they worry that they or their relatives may become infected or lose their jobs because of the economic slowdown. In these circumstances music can play a positive role."