The report further notes that while poverty remains predominantly rural, further progress on poverty-reduction also hinges on the effective management of ongoing urbanization. That is particularly relevant for Africa and South Asia, the two regions with the highest number of people in poverty, which are expected to experience the most rapid pace of urbanization in the next two decades.
The report also said the war against the novel coronavirus pneumonia in China has reached a critical moment where the turning point lies in the effectiveness of the current prevention and control measures, and the degree of public cooperation received.
The remarks came as a report forecast that Asia is expected to lead the world in economic development in the future. According to the Asian Competitiveness Annual Report 2018, which was released at the BFA conference, the continent will benefit from improved external growth, restructured internal drivers, and deepened Asia economic integration.
The region has also established a network of police outposts to enable security forces to react to incidents in key areas within seconds.
The region received over 40 million tourists in 2019, with tourism revenue hitting 56 billion yuan.
The regional observatory issued a blue alert for heavy rain at 5 pm on Tuesday, forecasting rainstorms in cities including Wuzhou, Yulin, Qinzhou, Fangchenggang, Beihai, Chongzuo and Baise in the following 24 hours.
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The report focused on job seekers' behavioral characteristics at middle or basic level from 2017 to 2018, revealing the temptation of tier-one cities is dropping. The percentage of post-95s that want to work in tier-two or tier-three cities has increased to 41.3 percent.
The report predicts that China's private wealth market will maintain steady growth in 2019, with total HNWIs reaching about 2.2 million and their wealth totaling 68 trillion yuan, both up 11 percent from 2018.
The report predicts that transactions of products across all categories through livestreaming e-commerce will increase 156 percent year-on-year to nearly 1.16 trillion yuan in 2020, and the booming livestreaming e-commerce segment will contribute new growth points to China's gold and jewelry industry.
The regulator will cooperate with local authorities to speed up the implementation of a pilot program, which pushes online lending platforms to transform into microlending companies. In the mean time, relevant departments of the central government and local authorities will also jointly establish institutions for early detection, early warning and early disposal of online lending risks and illegal financial business, she said.