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The report also showed that 60 percent of outbound trips in 2016 were carried out by independent travelers and not groups.

The regulation clearly prohibits forced technology transfer requirements for foreign investors and companies, either through administrative licenses or other means. It also underlines the equal treatment of domestic and foreign businesses regarding land supply, taxation and fee arrangements.

The report said a slowed economy and increased international uncertainties have made people feel insecure about their financial status and retirement plan, which is part of the reason why the index saw a slight drop this year.

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The report said sales revenue in China's catering industry surpassed 3.9 trillion yuan (7 billion) last year.

The remaining sanctions will snap back on November 4. These sanctions will include targeting Iran's energy sector and petroleum-related transactions, and transactions with the Central Bank of Iran.

The report pointed out a few shortcomings of the current recording and reviewing work, such as the lack of awareness of the work's importance, and the obscurity of the range of the documents that should be recorded, which has resulted in the neglect of some.

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The report also shows that China's first-tier cities and new first-tier cities had the most demand for and supply of professional talents. The top 10 cities with the highest demand for delivery drivers are Beijing, Shanghai, Shenzhen, Guangzhou, Chengdu, Chongqing, Nanjing, Wuhan, Hangzhou and Xi 'an.

The report also noted over 90 Chinese exhibition organizers held 1,766 exhibitions in 73 countries in 2019, an increase of 5.6 percent year-on-year. The exhibition areas also increased by 11 percent year-on-year to over 920,000 square meters.

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The report said that three main drivers behind real estate M&A activities were achieving economies of scale, acquiring land reserves, as well as diversifying and transforming growth models.

The region will decide when to allow a resumption of climbing depending on how global progress of the epidemic plays out in coming weeks and month, the statement said.