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Since China began to reform and open up its economy in 1978, more than 850 million people have been lifted out of poverty, according to the World Bank. This figure represents about 70 percent of the gains made by the world in poverty reduction over that period.

Sherab Dorje, director of the county education bureau, has traveled extensively across Qinghai, which has many Tibetan communities.

Similarly, China's economic recovery gathered pace in the third quarter of 2020, with GDP growth in July-September registering at 4.9 percent from a year earlier, boosted by investment and exports.

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Since 1995, Hong Kong property developer Great Eagle Holdings has owned the asset. The real-estate company, chaired by billionaire Lo Ka-shui and listed on the Hong Kong Stock Exchange in 1972, boasts extensive international hotel portfolio, comprising more than 38 hotels with more than 11,000 rooms at 33 locations spanning four continents.

Similarly, for the bank's three-year floating rate BRI themed bonds denominated in US dollar, the difference between the coupon rate and Libor (London interbank offered rate) also shrank by about 35 basis points during the same period, demonstrating that global investors have stronger confidence in collaboration on BRI related projects, Liu said.

Since 2015, more than 9.6 million rural residents living in inhospitable poor areas have been relocated to around 35,000 newly built residential communities as a result of the country's targeted efforts to eradicate poverty.

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Simon Li, a counselor at Anjie Law, said controls on capital outflows are meant to rein in irrational or speculative overseas investments in real estate, hotels, entertainment and sports clubs. So, such policies won't affect the healthcare industry much.

Similarly, in the automotive sector, ownership caps in the new energy vehicle sector were removed, and will also be lifted by 2020 at the latest for commercial vehicles, and by 2022 for passenger cars. Companies in these sectors can now take a controlling stake in joint ventures with domestic partners, or even set up a wholly foreign owned enterprise for the first time.

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Shortly before 9:30 am local time, a critical care nurse in New York was among the first people in the country to get the vaccine of American drugmaker Pfizer in partnership with German company BioNTech.

Since 2016, the local tourism authority has been putting efforts into developing the village into a rural tourism destination in a bid to lift the villagers out of poverty.