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As the number of reported coronavirus cases outside China grew and sparked fears of a worldwide economic slowdown, the Dow Jones Industrial Average closed down 1,031.61 points, the biggest drop since February 2018.

As the global community fights COVID-19, the economy continues to plunge to new lows, with experts warning of a situation as dire as the Great Depression of the 20th century.

As the Chinese economy gears up for slower but more sustainable growth driven by domestic consumption, it opens up more opportunities for multinationals like Osram, he said.

As the majority of workers remain confined to and working from home, with the government's strict social distancing measures in place to halt the spread of the virus, the demand for food delivery services has gone through the roof.

As the saying goes, "trees don't grow to the sky". The Chinese economy could not conceivably continue the extraordinarily high growth rates seen earlier. An economy growing at 14 percent doubles every five years. Even at 7 percent, it doubles every 10 years. And at 6 percent, it doubles every 12 years. Creating another Chinese economy every decade or so is a huge accomplishment - especially now that the economy is already very large.