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"Europe and the United States are leading the world in terms of urbanization, thanks to their first mover advantages. While in Asia, specifically in China, the government has been promoting its urbanization strategy for years, which helps the country achieve the highest urbanization growth rate globally and a vast space for development in the future," Deloitte said.

"Despite corresponding changes in local measurements in case a city's home prices show signs of overheating, I think stability will continue to be the key word for real estate sector in the second half of the year," said Chen Sheng, president of the China Real Estate Data Academy.

"During the outbreak, we saw so many great examples of schools continuing their classes during quarantine using technology, doctors helping patients via video conferencing and companies continuing to operate with employees working from home in China using our technology," Crozier added.

"Developing Asia's growth momentum, supported by recovering exports, demonstrates that openness to trade remains an essential component of inclusive economic development," said Yasuyuki Sawada, ADB's chief economist.

"Efforts from government, enterprises and the whole society to boost the integration of consumption, logistics and production are well displayed during the nation's fight against the poverty amid COVID-19 headwinds, and have made big progress during the period," Guo added.