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"From the constant firing of officials since Trump took office to Bolton's claims in his book about the president, we can see that the internal divisions in the White House are relatively serious," Ye said.

"Given the strategic importance of China to Standard Chartered, our eXellerator lab in Shanghai will play a crucial role in helping us proactively reinvent ourselves and the banking industry," he told China Daily in a recent interview.

"Fully electric Mercedes-Benz trucks, vans and buses are already in production today. By the end of this year, the goal is to have five fully electric passenger car models and 20 plug-in hybrid variants on the market," he said.

"From income inequality to climate change, technology will play a critical role in finding solutions to the challenges our world faces today. This year's emerging technologies demonstrate the rapid pace of human innovation and offer a glimpse into what a sustainable, inclusive future will look like," said WEF CTO Jeremy Jurgens, at the 2019 World Economic Forum's Annual Meeting of the New Champions, also known as the Summer Davos Forum.

"Having the show in Shanghai provides a cultural bridge, bringing together global cultural trends with Shanghai's dynamism and style to foster cultural and trade links."