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Blockchain is a ledger where transactions of cybercurrencies, such as bitcoin, are recorded.

Born in Ji Mei village in Xiamen in 1874, Tan later moved to Singapore to join the family's rice trading business. He soon rose to prominence as a respected entrepreneur, social reformer, political activist, philanthropist, community leader and educationist.

Big-spending Chinese mainland tourists have made duty-free shopping the major business for China Duty Free Group, whose better understanding of mainland holidaymakers' shopping habits and preferences gives it a significant edge over global counterparts, Chen said.

Boeing is the nation's largest single exporter. It represents about 5 percent of all US manufacturing and about 5 percent of the nation's exports, Forbes reported.

Boeing isn't the only company announcing cutbacks in the sector as airlines reduce, postpone or cancel orders for new aircraft.