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As of November, China had 23 listed cybersecurity companies. More than 100 venture capital and private entity companies have poured in money to finance more than 150 promising startups that engage in cybersecurity, data from the ministry show.

As of 2016, the number of the applications for patents by China had accounted for 38 percent of the world total, which ranks first and is 1.9 times as many as that of the US, and China's total input into research and development accounts for 17.6 percent of the world total, nearing that of the US, Hua said.

As many as 1.3 million German car owners are set to accept rebates of as much as 10,000 euros (,700) per car from Volkswagen, Daimler and BMW in a cash grab reminiscent of the government's 2009 cash-for-clunkers program.

As many Chinese people move into urban areas and become middle-income earners, they not only have greater discretionary income but also an interest in upgrading their spending to premium products. Within the agri-food sector, continued urbanization of the population and the demand for "greener", more sustainable products as well as nutritive functional foods will drive growth. The consumer wants to receive the best value for money, which we see being defined as the best quality even if it costs a little more. This trend needs to be supported by continued building of trust and transparency, and the businesses that can succeed in that will be the most successful for the future.

As people in other countries are also under quarantine and still subject to social distancing measures, e-commerce is booming. Demand for faster and better logistical services is high. Many multinationals believe the industry is no longer simply labor-intensive, but a combination of people, technology and innovation, Chou said.