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Due to the upheavals caused by the coronavirus, the global poverty rate is expected to increase for the first time since records began, and 71 million people are projected to fall back into extreme poverty－half of them in South Asia, the report said.

Driving forces

Driven by the Belt and Road Initiative, Chinese companies in the smartphone, automobile, e-commerce and fast moving consumer goods (FMCG) fields see prospects for becoming internationally-recognized brands in the future, experts from Nielsen Co said.

Dong Fang, a 27-year-old in Shanghai, felt the same way. Originally from Zhoushan, Zhejiang province, Dong rented an apartment in Shanghai for three years before deciding to buy her own place in China's buzzing financial hub.

Dubbed as an "oxygen bar in Hefei", the park now covers 10.72 square kilometers, with 75 percent as forest land and 25 percent water area. The vegetation also became more diversified with more than 280 tree species and other flowers and plants. Roads, tracks, rail lines, tourist centers and kiosks have mushroomed in the park, along with bicycle rental sites and tourist rides.