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Continental's Corporate Technology Officer Kurt Lehmann said the company is focused on developing and shaping the environment of future mobility by increasing its R&D expenses, which grew to more than 2.8 billion euros in 2016.

Coworking spaces will become a major force in the office building market in Guangzhou, the capital of Guangdong province, thanks to the increased demand for flexible workspace by emerging businesses, according to Cushman & Wakefield.

Conrad, of the ADB, says: "The government on both the fiscal side and the monetary side has bought itself more flexibility, which it feels it needs this year, with the international environment being a little bit less predictable. On the one hand, the government is interested in reducing some of the risks — local government debt, financial sector leverage, nonbank financial institutions. That all leads to tightening monetary and fiscal policies. Indeed, since headline growth is still strong, they should tighten a little bit. On infrastructure, it is a good moment to tighten. On the other hand, no one knows what to expect in the second quarter, so you need to be flexible. The policy approach allows the government to be flexible and supportive where necessary and tighten and be less supportive where that is merited."

Countries like the US and China have to follow a positive cooperative and constructive approach even when they are dealing with differences, because a trade war or a currency war would hurt both countries, Cui Tiankai, China's ambassador to the US, said in an interview with CNN on Dec 20.

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