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"Going forward, there might be measures to bridge the income gap between urban and rural citizens, although the latter have less pressure in housing and education, and enjoy more disposable income," Yang predicts.

"Given the scale of China's economy, the direction and policies being set are very significant beyond China－in the regional and global economy. With the challenges facing the world at the moment, it is encouraging to see China's economy still forecast to grow in 2020－one of the few large economies to do so," she said.

"For instance, Longyan (in Fujian) has launched a series of policies to promote cross-Straits communication and cooperation in the economic and cultural sectors, and that certainly projects more business opportunities for private business owners," said Cai Jinan, chairman of Fujian Panpan Foods Co Ltd.

"First of all, we will further expand cooperation between nine provinces on the mainland and the two SARs in the field of fundamental infrastructure connection and professional services."

"Given these tremendous improvements in children's well-being, it's not surprising that China ranked in the top quarter of all countries analyzed," Wang said.