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The report also identified Shanghai's pivotal role in where the talent goes, said Chen Yubo, head of Tsinghua University's Center for Internet Development and Governance in the School of Economics and Management.

The relatively less-developed central and western parts of the country are also catching up. Central regions grew from 5.5 percent in 2015 to 8 percent in 2018. The western regions grew from 4.3 percent in 2015 to 6.5 percent in 2018.

The report found that companies were bullish and expected the AI investment to be worth the upfront cost. On average, the surveyed company are currently investing .47 million in AI technology, and that number rises to .25 million average spend for companies in Asia-Pacific areas.

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The report said several other factors have also impacted upon investment levels. These include strong competition from South Korean investors, the steady recovery of the pound against the renminbi, and the UK's scheduled withdrawal from the EU on March 29, 2019.

The removal of the minimum import price is good news for Chinese solar module manufacturers.

The report further said that an app used for parking services takes too long to verify for some users.

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The report goes on to say that over 2.5 million square feet of space have been occupied by tech firms in the Seattle area in the past three quarters. This is having the impact of driving prices up.

The report indicates successful companies that grow shoppers are those who achieve a balanced penetration gain, across both online and offline channels.

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The regulation will go into effect on May 15.

The renovation projects will prioritize communities built before the end of 2000, said the State Council in its executive meeting on April 14.