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Another challenge that Kiat's team had to deal with is the delay in logistics chains caused by lockdowns across many countries. "We were going to start (vaccine development) in February, but we had to start almost at the end of March," said Kiat, noting that some shipments from the US had been delayed for over a week.

Another solid year for Expedia, which saw its revenue grow 22 percent in the third quarter to .7 billion. It continues to face stiff competition from Booking.com, and another rival may be on the way after reports surfaced in November that Amazon.com is contemplating launching its own travel service.

Apart from science, Shenzhen's enterprises have also played an active role in the process. Electric car maker BYD quickly shifted to the production of masks as the coronavirus spread like wildfire. The company managed to produce 5 million masks a day within a 24-day span, making it one of the world's largest suppliers.

Anthony Wu Ting-yuk, chairman of BGI's genetic laboratory in Hong Kong, and several other laboratory technicians, are reported to have met with the mainland experts at Metropark Hotel Kowloon on Monday morning. BGI Group, Hybribio and KingMed Diagnostics are the three laboratories verified by the SAR government to conduct nucleic acid testing.

Another important impetus to growth will be Asian countries' willingness to embrace technology and cultivate innovation, as part of their broader push to advance economic restructuring, said Zhou Wenzhong, former secretary general of the 2018 Boao Forum for Asia.