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As a foreigner, I really like this Chinese tradition when people of different ages go to parks, squares and other recreational areas to sing, dance and spend their leisure time.

As for job losses, companies are beginning to make more permanent cuts due to the uncertain outlook, including aerospace giant Boeing, which plans to slash 10 percent of its workforce.

As emerging technologies such as mobile internet, artificial intelligence and additive manufacturing continue to be put into use, as well as the technological and innovative capabilities of emerging economies, the cost of participating in global value chains, especially for small and medium-sized companies, is rapidly declining. Against this background, the vertical specialization led by traditional large multinational corporations has not fully adapted to the new requirements of global economic cooperation. The new global value chains represented by collaborative innovation and, platform-based collaboration, and division of labor are rapidly developing. They will become an important supplement to the traditional value chains.

As a leader with a Fortune 500 company, which sectors do you think offer the most opportunities for development?

As global financial markets become more interconnected, there is no singular banking institution that can deal with all of the issues within the local financial sector. Meanwhile, China's financial markets have become more open to international standards. This requires local financial institutions to understand how the rest of the world manages financial risks, said Apostolik.