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"Despite the disruptions of Sino-US trade tensions, the Chinese economy will stay in good shape," said Jin, adding that technological innovation is a key factor to enhance productivity and foster sustainable growth.

"Efforts to bridge the innovation divide have to start with helping emerging economies understand their innovation strengths and weaknesses and create appropriate policies and metrics," said Soumitra Dutta, Dean of SC Johnson College of Business at Cornell University, a joint releaser of the GII. "This has been the GII's purpose for more than ten years now."

"Dollar financing costs have narrowed after central banks deployed the swap lines, but broader policy challenges remain in ensuring the resilience of the dollar funding markets and that central bank liquidity is channeled beyond the banking system," said a research note from the Bank for International Settlements.

"Digital is changing the way you behave," he said. "It affects other categories that are not the primary reason you thought about making the shopping trip."

"Feeling the mounting pressure in financing, property developers are getting more cautious in their land purchases," said Yao.