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"GE's clients own their final data. And it is technically feasible," said Duan, adding that the issue was actually an old one, as previous collaboration with Chinese customers in hardware products had touched off such debate and GE backed up its promise with real work.

"For decades, people have gotten used to their neighborhoods being exactly the way they are and that's the status quo. What we need to do is readjust our entire approach to housing, so we have to get a different mindset about housing," said Wiener.

"For us, China is a driving force of innovation, a place of inspiration particularly in the field of electrification and digitalization－we think China is the lead market in these fields already today," said Klaus Froehlich, BMW Group Board Member, at the opening ceremony.

"Frankly, I just don't see any evidence of this," said Spence, head of Australia's oldest university, with a student body of 67,000 and 15,000 overseas Chinese students that pay high fees.

"From February to March, we experienced the fastest market downturn in history," said Savita Subramanian, an analyst at Bank of America, in a research note. "But what's really unusual is the nature of the crisis, driven by a deadly virus. This is the first time in several generations that we've seen a global economic downturn driven entirely by a social challenge."