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Despite the increasingly stringent regulations and conflicts between globalization and protectionism in Europe and the United States, the Belt and Road Initiative has spurred new international cooperation, said Albert Ng, EY China's chairman.

Despite all the tumult, the world has recorded several important achievements for multilateralism alongside the setbacks, it added.

Despite a much smaller presence than its Chinese rivals Alipay and WeChat Pay, the country's massive mobile payment market is hard to ignore for the US tech giant.

Demand is surging from airports in China that are keen to upgrade their infrastructure to accommodate wide-body passenger aircraft. Ground transportation players are also seeking to improve their efficiency and make breakthroughs in digital technology, said Pascale Sourisse, president of Thales International.

Despite last year’s problems, most retailers were reluctant to require shoppers to place orders any earlier. For instance, Amazon gave customers until midnight ET on Dec. 19 to make purchases in order to qualify for guaranteed Christmas delivery. The deadline was two days later than last year, and was the most popular deadline by all retailers.