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Another area that stands out for me is technology and innovation. It is incredible to see the rate of adoption and development when it comes to technology in China today. It has transformed the landscape and forced companies to adopt quickly to engage with customers. But you must be able to understand how best to use all this technology. Yum China has been quick to adopt and, as always, listen to customers. One example is how we led the way in food delivery in China with the introduction of Pizza Hut Home Delivery in 2001. Delivery now accounts for over 14 percent of our business. There is the power of our membership platform and the fact that almost 60 percent of sales were cashless by the end of 2017 from 100 percent cash in mid-2015. That just shows how quickly things can and do change in China and I believe this momentum will continue.

Anthony Fauci, MD, Director, National Institute of Allergy and Infectious Diseases, National Institutes of Health, looks on before testifying at a US Senate Senate Health, Education, Labor, and Pensions Committee Hearing to examine COVID-19, focusing on an update on the federal response at the US Capitol Washington, DC, US, Sept 23, 2020.[Photo/Agencies]

Another document was filed on Friday, pertaining to the original motion to compel Angie’s List to provide the information. However, it has been sealed by the courts.

Another source of concern over tech innovation is the fluctuation of cryptocurrencies.

Apart from the piloting of a registration-based IPO system on the ChiNext board, China has rolled out a raft of measures in recent years to make key institutional innovations, including the establishment of a sci-tech innovation board and the reform of the National Equities Exchange and Quotations, or the "new third board."