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"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.

"Driven by Xiaomi's pragmatic concerns, the cooperation will enable much more international IoT connections," Yan said.

"Disneyland per se can effectively drive other closely related businesses like catering, accommodation, merchandising and the wider travel sector," she said.

"Even lenders that meet regulatory requirements will slow loan volume during the period," the report said. But the investment bank still expects some recovery in the second half.

"Despite the broadly positive picture there are several forces that could impact future investment trends negatively," said Ndeloa.