China has reached a "point of no return" and the country has to now rely on innovation and reforms rather than depend on investment alone for economic growth, a top official of a Chinese bank said on Thursday.

Global growth should improve once commodity prices stabilise, World Bank Chief Economist Kaushik Basu said on Thursday, adding that India was the top "bright spot" among emerging markets.

A panel of leaders are talking about South Asia at the World Economic Forum 2016 at Davos. Here are highlights of the session: