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But the economic turmoil triggered by COVID-19 is hitting families across the region hard. Large-scale job losses and wage cuts have coincided with the loss of remittances from overseas workers and from tourism. UNICEF projections show that over the coming six months as many as 120 million more children could be pushed into poverty and food insecurity, joining some 240 million children already classified as poor.

But that does not mean all carmakers can have boom times as they did in the past.

But this constraint should weaken gradually, according to Lynda Zhou, equity portfolio manager at Fidelity International. Near-term performance may still be volatile, but STAR's market-oriented mechanisms will help prices to better reflect fundamentals gradually, Zhou said.

But the Shanghai math method is not magic. Knights said it works by encouraging a core emphasis on 'mastery' that ensures students grasp simple concepts before moving onto more difficult ones, and that builds confidence along the way.

But that does not mean that China does not have opportunities to grow. Instead, the wider use of AI and the increasing popularity of internet of things applications will give rise to a new wave of computing brands and chip companies, analysts and investors said.