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"Eliminating some of the differences in taxes and regulations and streamlining that will help improve competitiveness in the global context."

"Either Europe has to buy oil from Iran or provide Iran with the equivalent of selling oil as a credit line guaranteed by Iran's oil revenues, which in some sense means a presale of oil," Araqchi added.

"Each country will have to weigh the pros and cons of the case for CBDC depending on its particular circumstances."

"Digitization will significantly improve the transformation of corporate banking," said Han Feng, partner at McKinsey. "Those banks that could truly realize digital transformation and large-scale digitization will considerably widen the gap between themselves and other banks."

"Every day we receive thousands of phone calls, sometime as many as 10,000 a day, a growth of 6.1 times year-on-year from local residents, voicing their complaints or giving suggestions to help solve specific problems in urban management, such as solutions to traffic jams, environmental protection and garbage disposal," said Wu Qiuyun, deputy secretary-general of Haikou, which is the island province's capital city. The city started to build its smart city management platform with the hotline number 12345 in 2017. The platform, which also is a digital center, integrates all information and data from government departments, such as real time traffic conditions and the location of potential safety hazards at construction sites or gas stations. All the data are visualized with real time videos.