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"From an international trade perspective, iPhones sold by Apple's Chinese subsidiaries are not counted as imports. But from an economic and financial perspective, the iPhone is a US product, and the US benefits the most from it," said the report.

"For companies trying to grasp opportunities in the emerging blockchain sector, they need to not only hire related talents, but also to outline long-term strategic goals to cultivate more young talent."

"For example, we have a lot of automotive companies in China looking at the state because we already have a thriving auto industry," she added. "Our business-friendly environment and tax policies are also big draws."

"Having access to specially designed, comprehensive databases and analytics that are specific to the Chinese market is crucial for the survival of foreign institutions. Refinitiv is well positioned in providing such data given its rich reserve of China market data and experience in serving global clients," Chen said.

"Global risks are intensifying, but the collective will to tackle them appears to be lacking. Instead, divisions are hardening," said the report.