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Direct flights generate a huge economic benefit. A report by the consultancy Frontier Economics published in March estimated the more than 100 weekly flights currently operating between London and China add 510 million pounds (0 million) to UK GDP and support 15,000 jobs.

Digital talents in China are gradually migrating from pureplay technology fields to traditional industries that require digital makeovers, but the pace of the move should become faster to give a substantial boost to the real economy, a latest research study said.

Dominguez said the forum, which will be attended by Philippine President Rodrigo Duterte, will be a major catalyst for more comprehensive international collaboration aimed at creating a better future for economies across the globe.

Deutsche Bank has been called out for reportedly paying top executives exorbitant sums of money in golden handshakes in recent months, while the company was hurtling toward Sunday's announcement of 18,000 job losses.

Didi founder and CEO Cheng Wei apologized in late August, promising to prioritize safety and customer service over pure profit growth.