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"China is a dynamic impetus to the global civil aviation market with surging air passengers and more airports. It is forecast to become the world's largest aviation market by the mid-2020s," according to a report by the International Air Transport Association.

"China has shown in all these ways, and of course with its economic development, that it spearheads the global anti-pandemic fight in this tough year for the mankind," he said.

"China has made great progress, but if you reflect back, the Global Findex showed that we went from the low 60s to about 69 percent of people in the world covered in terms of financial access," Kim said, referring to the finding that globally 69 percent of adults, or 3.8 billion people, have an account at a bank or mobile money provider, up from 62 percent in 2014.

"China is the first country to control the pandemic. It suffered economic losses in Q1 because it preferred the lives of its people over the economy by imposing strict lockdowns. The lockdowns paid off and China not only succeeded to control the disease but also managed to stop the second wave even after restoration of normal life and business activities in the country."

"By 2020, China will abandon the concept of absolute poverty and we will use low-income or minimum insurance to define this," he says. "It also implies that when China enters the high-income stage, the new standard will give us a better idea of how we can invest in human capital and help poor people improve their development ability."