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As a result, the Chinese electric carmakers will have to lower the prices to keep and enhance their product competitiveness, Yu added.

As a practitioner, beneficiary and promoter of the Belt and Road Initiative, Dell has been enhancing local cooperation for the better localization in purchasing, research and development, manufacturing as well as sales and service, the senior executive said.

As countries are taking all possible measures to contain the coronavirus epidemic and its socio-economic and geopolitical fallouts, the blockchain technology could help governments track information on infected people and ensure quarantines are efficient.

As financial technologies are continuously upgraded and widely spread, they will provide strong support to financial inclusion in terms of channels and risk-based pricing, said analysts with Changjiang Securities Company Ltd in a research report.

As a part of the action plan, ADB will launch the Oceans Financing Initiative to create opportunities for the private sector to invest in bankable projects that will help improve ocean health. The initiative will provide technical assistance grants and funding from ADB and other donors to reduce the technical and financial risks of projects. This will be done through instruments such as credit risk guarantees and capital market "blue bonds".