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Despite the optimistic forecast, the World Bank warned that risks to the outlook remain tilted to the downside, which includes an abrupt tightening of global financing conditions, escalating trade restrictions and rising geopolitical tensions.

Di Pippo noted that UNOOSA's collaboration with CMSA goes beyond this unique program. "We will work together to create an even more accessible program for developing countries," she said.

Details such as the headquarters location and potential size of the new company have yet to be announced. The companies describe the new venture as “in the early planning stages.” The effort will be led initially by Todd Combs, an investment officer of Berkshire Hathaway; Marvelle Sullivan Berchtold, a JPMorgan Chase managing director; and Beth Galetti, an Amazon senior vice president. The longer-term management team and key operational details “will be communicated in due course,” the companies say.

Differences in willingness to be vaccinated were based on factors such as political affiliation, age, education level and race.

Digital Domain Holdings Ltd holds a ceremony in 2016 to celebrate film star Nicholas Tse (right)'s taking responsibility for the company's businesses in China. [Photo provided to China Daily]