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China's development is a robust model that benefits governments, businesses and communities, PwC Asia-Pacific chairman says

China's economic growth has lifted over 750 million Chinese out of poverty, the greatest success story in human history. In late 2012, when Xi became China's senior leader, there were about 100 million Chinese who would remain intractably poor. Xi asserts that China cannot be a "moderately prosperous society" by 2021－China's first national goal－if any of its citizens live below the line of absolute poverty. Hence, Xi mobilized the Party and the country to fight poverty.

China's life insurance premiums are forecast to rise by an average of 15 percent per year in real terms from 2018 to 2019, supported by increasing household income and rising risk awareness, according to a report from Swiss Re.

China's development experience over the past decades offers key lessons to Africa, according to UN Deputy Secretary-General Amina Mohammed, who said in February that "China's remarkable achievements in lifting its people out of poverty contributed to major advances under the Millennium Development Goals."

China's leverage level had been on the rise for some time, said Pan, but it was too simplistic to directly compare it with other countries.