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"Driven by the emerging demand and new consumption mode, expenditure on services has been increasing at an even faster pace, especially in tourism, health, senior care, education and culture," said Mao.

"During the first quarter, the current account is likely to remain stable within a reasonable range, although it may show a deficit. The COVID-19 pandemic will not alter the basic trend in the medium to long term," said Wang.

"Earning money is important but does not always take the first place," Li said. "To earn reputation internationally, Aucma needs to further consolidate its foundation in various areas first."

"Even though Africa has abundant natural resources, including crude oil and minerals and agricultural products, we have our own problems," said Caroline Kariuki, CEO of the Kenya Private Sector Alliance. "The export of African products-about 70 percent of them-are raw materials and cannot make much profit.

"Despite this robust economic backdrop and our expectation for healthy growth, we have seen developments that may signal some softening, relative to what we were expecting a few months ago," Fed Chairman Jerome Powell said Wednesday at a press conference.