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But Rice noted that Asia would likely be most affected, as there will be a reduction in the number of Chinese people traveling abroad along with a slowdown in imports and domestic economic activity.

But mounting competition among cities for talent is creating a few concerns. Emphasis on quantity rather than the quality of jobseekers may not be the best strategy for economic transformation, experts say.

But a report from Digitimes claims that Foxconn, the major manufacturer of iPhones, has received handset orders from both Amazon and Microsoft and is set to launch both devices in mid-2013.

But anyone who lives here, or is looking for office space, knows Seattle is filling up. The move to HQ2 is about finding some more room to breath — Amazon said it could occupy as much as 8 million square feet in whichever city it chooses — and luring the best talent. Something I’ve been talking about when people ask me this question, I hope we choose a city that has focused on STEM education, particularly in computer science in public high schools and middle schools in the area.

But experts sounded a note of caution. A sudden surge in demand amid the epidemic cannot guarantee long-term growth. Efforts are needed to exploit emerging opportunities in a way to ensure sustainable development, they said.