Children have fun at seashore in South China's Sanya, Hainan province, Nov 13, 2016.[Photo/VCG]

“Happiness is not just about money,” Fei added.

The report also revealed that people with lower education levels are happier than those with higher levels, and that those in a relationship are in better mood than single people.

In addition, owning an apartment brings more satisfaction to people in China. Meanwhile, men generally find it harder to crack a smile than women, with more pressure from life, according to the report.

Globally, the overall happiness index of China is on the rise in recent years. According to a 2016 survey from the United Nations, China ranked 83th among 156 countries in terms of happiness, higher than that in 2012 when the country was listed 112 in the UN’s first World Happiness Report.