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Andrew Hastie, who chairs the influential Parliamentary Joint Committee on Intelligence and Security, is one good example.

Analysts said they believe the upsurge of net profit and net income is a result of cost optimization and increased prices of natural gas, crude oil, refined oil and other products.

And, whilst the economic slowdown resulting from the pandemic has temporarily slowed emissions of harmful greenhouse gases, levels of carbon dioxide, nitrous oxide and methane are still rising, with the amount of CO2 in the atmosphere at a record high.

And the lower living costs have given rise to higher fertility rates in these regions. The upshot, according to Morgan Stanley's estimates, is that smaller cities could account for 76 percent of overall urban population growth by 2030. That spells huge spending power in the long run.

Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations between the two major economies.