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Despite the macro challenges, there are still plenty of opportunities for developers with strong balance sheets, access to low-cost funding, high operating efficiency, and a focus on higher-tier cities. In the coming months, we're likely to see a normalization of pent-up demand that could help such companies outperform.

Despite the deal with the IMF, which had calmed financial markets briefly after it was announced in June, Macri has struggled to convince investors he can restore economic growth while cutting Argentina's budget deficit, reducing inflation and making the 0 billion economy more competitive.

Despite the impact of the COVID-19 epidemic earlier this year, Suzhou managed to report a 2.4 percent annual GDP growth during the first three quarters of the year. According to Li Yaping, mayor of Suzhou, the city's annual GDP in 2020 will likely exceed 2 trillion yuan. The value of actual utilized foreign capital also grew by 20 percent year-on-year in the first three quarters.

Despite a lower speed of growth in the past two years, the sheer size of the economic expansion continued to increase, making it possible to create more jobs than before, Liu said.

Despite some turbulent moments, the relationship between the Chinese mainland and Taiwan can always "see the silver lining behind the clouds," said Tseng Yung-chuan, the Kuomintang's vice-chairman.