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"Consumers are driving change because governments have failed to keep up with community expectations. The issues raised during this week's protests are important and need to be discussed."

"Crude has become a bigger problem for markets than the coronavirus," Adan Crisafulli, founder of Vital Knowledge, told CNBC. "It will be virtually impossible for (the S&P 500) to substantially bounce (back) if Brent continues to crater."

"Chinese carmakers responded fast to local market trends like SUVs, so they could develop fast in the past decade," Li said.

"China's market comprises many rapidly growing businesses that are less encumbered by legacy IT systems than is typical in more developed markets, which means they can more easily adopt new IT models," said Kevin Meehan, a partner at Bain.

"Currently, Africa's economy is based on agriculture and mining, while the manufacturing industry's share in GDP is declining. African countries have generally recognized the importance of economic restructuring, but steering the economy away from agriculture toward industry is easier said than done," Lin wrote in China Financial and Economic News in 2016.