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"Guizhou will eliminate absolute poverty in the first half of 2020," Sun Zhigang, the province's Party secretary, said during the provincial poverty alleviation and development conference held in the provincial capital Guiyang on Jan 5.

"For example last year we had a Huayi (vivacious young female character), so we did some things like 'Mudan Tian', or 'The Peony Garden.' This time we have a Wudan (female character who specializes in fighting with ancient Chinese weapons), so we have 'Hujia Zhuang' (the Hu Village), because that's her specialty," she said.

"Given the current momentum, we expect China's GDP growth to accelerate to 8 percent in 2021 from 2.1 percent this year, benefiting from a low base. Economic activity should normalize further next year, supported by the lagging effects of policy stimulus in 2020 and an improving global outlook as COVID-19 vaccines become widely available," said Ding Shuang, chief economist for Greater China and North Asia at Standard Chartered.

"Governments are essential partners for the mobile industry, facilitating the right conditions for operators to make the necessary investments in 5G and propel its commercial use," said John Giusti, the chief regulatory officer of GSMA.

"From a global perspective, cutting individual income tax is an effective measure to implement proactive fiscal policy. It can raise disposable income, with the objective of boosting consumption and increasing aggregate demand," said Liu Yi, a professor at Peking University's School of Economics.