The report also analyzed the UK's likely overall economic situation post-Brexit, and the development of the UK's film and media industry as well as its higher-education sector.
The report predicted the scale of the market for metals extracted from used batteries would reach more than 52 billion yuan this year, and that number would more than double by 2020.
The region plans to further invest in infrastructure construction and boost connectivity by improving rail and highway networks this year, making it a key corridor on the Silk Road Economic Belt. The highway connecting Kashgar city with Pakistan is expected to be completed this year and will support the development of the China-Pakistan Economic Corridor, Shohrat said.
The report said cross-border receipts and payments between China and the UK saw massive growth, hitting more than 55 billion yuan (.8 billion), up 86 percent on February 2019 and more than 100 percent on the same month in 2018.
The report predicted that China's sharing economy will grow at an average annual rate of 40 percent over the next few years to account for more than 10 percent of the country's GDP by 2020.
The region invested over 33.4 billion yuan (4.9 billion US dollars) in poverty relief last year, 92.3 percent of which went to the four prefectures, which sit on the edge of the Taklimakan Desert, the largest desert in China and the second-largest shifting sand desert in the world.
seo专业优化
The report said this is because Chinese investors have a strong interest in the construction sector.
The regulator also gave the green light to Chongqing Rural Commercial Bank Co Ltd and four other companies in November to jointly set up a consumer finance company with a registered capital of 1.5 billion yuan.
The region invested more than 10 billion yuan in ecological construction projects last year, the report said. Greening of land continued, with 742,000 hectares of land planted with trees. Forest coverage in the region now exceeds 12 percent.
The regulation clarifies the implementation mechanism of the negative list of foreign investment access and details registration and reporting system of foreign investment.