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Compared with Americans, Chinese people seem much thriftier.

Commenting on the positivity rate, Florida Governor Ron DeSantis, a Republican, said during a Saturday press briefing that it is "something we're looking at very seriously," adding that if the rate "gets into the single digits, that's something that's a lot more manageable."

Concepcion told the press conference a meeting would be held Friday focusing on inclusive growth and the development of small and medium-sized enterprises. Attendants will include ASEAN officials as well as members of the business community.

Companies need to spend more time thinking through threats and really reaching to extremes.

Commenting on the investment, Meituan-Dianping founder Wang Xing said the firm hopes to leverage its expertise in the Chinese digital market in big overseas markets like India.