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"But now we have been learning advanced technologies from foreign countries, digesting and absorbing, and eventually developed our own innovations over the past years, finally laying a technological basis for an engineering prototype," Sun said.

"But what's really unusual is the nature of the crisis, driven by a deadly virus. This is the first time in several generations that we've seen a global economic downturn driven entirely by a social challenge."

"But with so many aspects of American economic ingenuity, high-tech startups have now truly gone global. The past decade or so has seen the dramatic growth of startup ecosystems around the world, from Shanghai and Beijing, to Mumbai and Bangalore, to London, Berlin, Stockholm, Toronto and Tel Aviv."

"China is Africa's biggest trading partner, and its private sector has managed to penetrate our markets," says Stephen Karingi, the director of the capacity development division at the United Nations Economic Commission for Africa. "It is therefore possible to examine their success and strategies to enable us to design our national strategies."

"Buyers are comparing the price and location of proper-ties carefully. In the past, buyers would flock to projects with price appreciation out of fear that they would no longer be able to afford them if they wait. Those kind of buyers have disappeared", said Lu.