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"Even during the most difficult days when COVID-19 hit the country hard, we did not lose confidence in the Chinese market for one day. It is our long-term goal to increase our market share in China by seeking more cooperation. The regional headquarters in Shanghai will help to elevate the group's performance in the entire Asian market," Wang said.

"Despite the decline, consumers continue to view current conditions quite favorably, Lynn Franco, senior director of economic indicators at the Conference Board, said in a statement.

"Emerging supply chain disruptions and the recent tightening in financial conditions will likely add to the growth hit."

"Dialogues in order to create mutual understanding are more necessary than ever before because we have to look at how in a world in which we do not necessarily share values, we share at least common interests," said Schwab, who founded the forum in 1971.

"Even if we could prove that Officer Pantaleo's hold of Mr. Garner constituted unreasonable force, we would still have to prove beyond a reasonable doubt that Officer Pantaleo acted willfully in violation of the law," he said.