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And the company's donation is a "particularly valuable one" as the rapid spread of COVID-19 sparks a global race to purchase masks, according to The Globe and Mail.

Angel Gurria, secretary-general of the Paris-based Organization for Economic Cooper?ation and Development, said he has pinned high hopes on China’s reform agenda, which is people-oriented to deliver a better life for millions. “Every year I have traveled to China two or three times, and I can tangibly feel the impacts of China’s reform agenda,” Gurria said. “I particularly feel impressed by China’s poverty-reduction efforts, which have year-by-year targets.”

Analysts say the reason for the decline reflects a tightening of restrictions by the central government on outbound investment to prevent big conglomerates overextending themselves.

Analysts said that last year, Sino-US trade tensions and the US Fed's monetary tightening process increased the concerns of global investors.

An online job fair was held by Nanning's human resources and social security bureau last week, with jobs such as driver and security guard provided for those who have difficulty finding work, said Wei Yudan, a bureau official.