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"Given the ongoing consumption upgrade trend in China, we hope to attract more diverse consumers to Chinese pastry. That's why we started Daotian Riji to promote the aesthetic value of the Chinese dessert in the modern age," said Wang Juanshi, deputy general manager of Beijing Daoxiangcun Food Co Ltd.

"From a long-term perspective, population determines economic growth. Even though it will take some time, the number of consumers determines the potential of economic development in both developed and developing economies," he said.

"From income inequality to climate change, technology will play a critical role in finding solutions to the challenges our world faces today. This year's emerging technologies demonstrate the rapid pace of human innovation and offer a glimpse into what a sustainable, inclusive future will look like," said WEF CTO Jeremy Jurgens, at the 2019 World Economic Forum's Annual Meeting of the New Champions, also known as the Summer Davos Forum.

"Governments around the world, particularly China, the United States, and UK, have taken unprecedented steps to legislate against the ivory trade," he said. "But, as the ivory market is closing down in some countries, it is being displaced elsewhere."

"Gaining knowledge through foreign partnerships can help Chinese enterprises further develop expertise, and enable them to enhance global credibility in the infrastructure sector," Wijeratne said in an article published on the World Economic Forum website.