The report acknowledged the existing difficulties in US-China relations, particularly their trade differences and tariff dispute initiated by the current US administration.
The report showed that the importance of online channels reached a high of 34 percent in the second quarter due to the COVID-19 impact and the June 18 shopping festival. However, in July and August, the growth of online sales became more rational, and the importance of online channels fell to 25 percent and 27 percent, respectively. Meanwhile, offline channels started to recover in full momentum, and the importance of offline channels in July and August was 75 percent and 73 percent, respectively, compared to 66 percent in the second quarter.
The regulation, which was published on the State Council's website on Thursday and will take effect on May 1, aims to safeguard the country's food security and the quality of its agricultural produce.
The report attributed the downturn to a falling corporate leverage ratio, which decreased by 1.1 percentage points to 155.7 percent in Q2.
The regulations will be significant to governing the military with strict discipline in every respect, improving the systems for conducting checks and oversight over the exercise of power, and enhancing the officials' loyalty, integrity and sense of responsibility, according to the office.
The report said other ethnic minority groups that are more likely to report experiencing racial harassment include Pakistani men, Indian-Sikh men, Indian-Muslim men, and Bangladeshi women.
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The report estimates that global consumption of personal luxury goods dropped by 25 percent in the first quarter, compared to the same period of 2019.
The report differs from other governmental and industry findings that underscored how lax regulatory oversight, Boeing's apparently faulty assumptions about how a flight crew would react in an emergency and what looks like at least one incorrect command contributed to the crash.
The region's import trade volume reached 13.8 billion yuan ( billion) from January to May, Urumqi customs said.
The report also highlights figures for R&D intensity, the proportion of R&D expenditure to main business revenue. Among the top 500 private companies, 59 had an R&D intensity of more than 3 percent in 2019, while five companies surpassed 10 percent.