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As a seasoned expert on the global economic stage, Brumby said that the G20 will continue to play a major role in moving forward in terms of the global governance mechanism, and suggested that unity is the key to future prosperity.

As for the transformation of China's economic development mode, Eran believed that China has done it in a right direction and has identified the innovation trend of the future rightly, because the world is moving toward artificial intelligence, 5G communications, etc.

As a whole, the economies of developing East Asia and Pacific are projected to expand at 6.2 percent in 2017 and 6.1 percent in 2018, noted the report.

As bank's first chief economist, Li will play a leading role in the bank's overall operations in research and analysis of economic, financial, infrastructure and development issues across member countries, the statement said.

As for Hu, he says: "I would definitely choose such a service again."