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The report said Pence had not only kept a full political calendar but also had created his own independent power base, including a political fundraising group called the "Great America Committee".

The report includes profiles for 130 developed and developing countries, and charts "China's remarkable rise in the trade of creative goods."

The report showed that 78 real estate companies saw their sales volume top 10 billion yuan. Companies had to register at least 7.4 billion yuan of sales revenue to make the top 100 list, which was a 19.7-percent decrease compared to that of 2019.

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The report suggested that incumbents - especially multinationals - need to localize everything from product design to branding to marketing, delegate innovation, marketing, distribution and other decisions affecting their China business to their China teams, and boost their ability to act quickly on market opportunities.

The remarks came amid the rain of domestic criticism over his performance in his first meeting with Putin in Helsinki, and Russia's request to question American citizens including former US ambassador Michael McFaul.

The report said China's big data sector will register growth between 25 percent and 30 percent, facilitating the transformation and upgrading of regional economic structure.

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The report estimated that China's economic growth would slow to 6.2 percent this year from 6.5 percent last year as domestic and external rebalancing continues.

The regulators will also halt new approvals of online micro lenders and cross-region lending businesses.

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The regulator also said it will comprehensively push forward the pricing reform related to agricultural water consumption and agricultural products, to boost the supply-side structural reform in the agriculture sector.

The report also said Chinese AI enterprises registered high growth rates in the fields of education, business intelligence and facial recognition. The notable companies in these areas, Squirrel AI, Bytedance and CloudWalk, grew at a rate of over 5,000 percent, 700 percent and 600 percent, respectively.