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"Global GDP generated by digitization will reach trillion, accounting for 46 percent of the economic aggregate," said IDC China managing director Kitty Fok, predicting that digital transformation will enter 2.0 era in the next five years.

"For the next step, we are attempting to sell our products abroad through cross-border e-commerce platforms such as Alibaba and Amazon," said Yu.

"Getting diagnostics and medical equipment for the coronavirus response is a global challenge. Africa is in a fierce competition with the developed world with respect to the availability of commodities," Nkengasong said.

"Fintech development is harnessing the power of Hong Kong's strengths in finance, innovation and technology as well as legal and professional services, retailing, tourism and much more."

"From a research perspective, the US has benefitted from globalization in the past 20 years," Wang said. "Thanks to its imports of consumer products at low prices, the US did not suffer from imported inflation for a long time. However, by threatening to impose higher tariffs on imports from multiple countries, the US could have the opportunity to renegotiate trade agreements with these countries and gain greater benefits."