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Another important point is that China hasn't been open to the world for very long. Chinese people really only started working abroad in the 1990s. So we have had less than 30 years in the UK, it's not long enough to nurture the kind of talent to reach the very top levels."

Anyone eligible for employment insurance will get the same minimum for at least 26 weeks and will need to have worked 120 hours to qualify, well below current employment insurance requirements, since many Canadians have been unable to work to the pandemic.

Apart from the growth in nonperforming loans, the gradual expansion of liquidity risk exposure at non-financial companies and defaults on private placement bonds and credit bonds will also increase the supply of problematic assets, Shi said.

Any industry related to China's urbanization process has potential for growth. These include transportation, clean energy, safety and security.

Another example is that Takeda launched an innovative medicine for the treatment of multiple myeloma, a type of blood cancer, last year. It was brought forward from the original estimated time frame of the 2019 financial year. Takeda received regulatory approval for the new drug in April 2018, and made the product available to patients three months later, almost a whole year in advance.