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Apart from the huge increase in the size of the private wealth market, the report also found that these wealthy people have become more diverse in their investment goals, outbound investment destinations and geographical location.

Apart from reopening local snack markets and travel routes, new measures have been taken to stimulate consumption at night in Kaifeng, Central China's Henan province.

Ant Financial Services Group, the financial arm of Alibaba, acquired a controlling 51 percent stake in Cathay Century Insurance Co Ltd in 2016.

Another 30 percent of exporters to China highlighted the rising affluence and increasing disposable income of Chinese consumers as the key catalyst for their companies' sales growth.

Another aspect of the collection is that it shows the continuity of Chinese culture.