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Commenting on the Belt and Road Initiative, which was proposed by China in 2013, he said the initiative would greatly benefit all participating countries, especially in transport infrastructure development.

Compared to 2017, foreign investors became more proactive last year, and they will maintain that momentum this year, said Yip with JLL.

Commentators have pointed out that the Africa-rising narrative will be hollow and short-lived if the high levels of economic growth are based on Africa's export of natural resources rather than the establishment of manufacturing bases. For instance, the continental economic growth rate that touched highs of 7 percent before 2015 fell to lows of 3 percent, thanks mainly to a global slowdown in natural resource demands. This is a wake-up call for African policy strategists to devise ways for boosting domestic manufacturing, not only to ward off fluctuations in commodity prices, but also to ensure local supply of goods and gain higher premiums from exports. For instance, it is a well-known fact that the concept of "made in Africa" is dead in the water, in part because technological innovations and technology transfer are utterly missing.

Compared with the same period last year, 27 percent more houses collapsed and the number of people relocated nearly doubled, though the number of casualties and missing people dropped by 41 percent, Huang said.

Co-released by the Shanghai Youth Work Joint Conference Office, the Shanghai Committee of Chinese Communist Youth League, and the Shanghai Youth Services and Rights Protection Office, the 2020 Shanghai Youth's New Expectation Questionnaire Survey Report focuses on the cognition, behavior, and attitude of youth in the fields of employment and entrepreneurship, consumption, financial management, use of public cultural facilities, and social participation.