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The regulator stated that the misconduct took place in 2009 shortly after the Co-operative Bank's merger with the Britannia Building Society, a mutual building society in Britain.

The rental price of a homemade RV is wallet-friendly, and the rental market is mature. RV trips are foreseen to be more prevalent in the next few years, said Xu Yang, brand director of Jiangsu Jinghang Automobile Co Ltd, China News Service reported.

The renminbi will, however, face pressure, even against a weaker US dollar, if the central bank eases the monetary policy further, economists said.

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The report also identified problems that are impeding the country's efforts in commercializing scientific and technological achievements.

The report said 75 percent of urban students owned cellphones, compared with 67 percent in rural areas. Sixty-four percent of primary school students owned such devices, while the rate for middle and high school students was 71.3 percent and 86.9 percent respectively.

The report said the central government continues to push forward its template for development of the Guangdong-Hong Kong-Macao Greater Bay Area. This is a megalopolis consisting of 11 cities which includes Hong Kong and Guangzhou. It has already seen massive investment in its infrastructure and increased the importance of Shenzhen.

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The report revealed that one in four Chinese consumers who bought cosmetics online in 2016 were born after 1995.

The report selected 10 "New Deal" cities such as Xi'an, Nanjing, Wuhan, Chengdu and Tianjin for comparative analysis.

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The report sees escalated trade tensions reducing US GDP by more than 2 percent in the first year after levies start, though the effects would fade over time as the US adjusts its own production.

The report reviews the NPC Standing Committee's work since last year in six aspects: