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"Egypt came back strongly after the bloody turmoil in 2011. It is now one of the most sought-after destinations for our guests. I am sure Sri Lanka will overcome the crisis soon," Sur said.

"Establishing an asset management subsidiary will prevent risks arising from the asset management business from spreading to the parent bank," said Zeng Gang, director of banking research at the Chinese Academy of Social Sciences' Institute of Finance and Banking. He said investors will now only be able to hold the parent bank financially responsible for losses equal to the extent of its investment in the subsidiary, rather than the full extent of any losses, as had been expected previously.

"Even though the US enjoys an advantage in the development of algorithms, China's edge lies in its huge base of data," Zhang said before Summer Davos started in Dalian. "And without data, algorithms cannot work.

"Digitalization is changing commerce in a number of ways. We are seeing some businesses disappear or evolve over time, but at the same time the creation of new brands and types of operational modes are eliminating some traditional roles," said Sun Fuquan, a researcher at the Beijing-based Chinese Academy of Science and Technology for Development.

"Every time someone tests positive, immediately we can swing into action, figure out who were their close contacts and get those people tested to isolate anyone who needs isolation," he added.