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"For the large number of elderly people who are not familiar with them, mobile payments mean great inconvenience," Zhen said, adding that for those living in remote villages or who are less well-off, and where internet coverage is still low, cash remains king.

"Global cooperation is ever so important to deal with a truly global crisis," she wrote. "All efforts should be made to resolve trade and technology tensions, while improving the multilateral rules-based trading system."

"For us, China is a driving force of innovation, a place of inspiration particularly in the field of electrification and digitalization－we think China is the lead market in these fields already today," said Klaus Froehlich, BMW Group Board Member, at the opening ceremony.

"Generally speaking, there are slightly more of the weather events this year, which also came a little bit earlier," he said, adding that it's hard to forecast the frequency of devastating events.

"Growth may rebound over July-September driven by private consumption. But capital expenditure could slow by then. We need to be mindful of the risk that economic activity could slump again if Japan is hit by a second wave of infections," Minami said.