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The report ranks 139 countries on inflows and outflows of goods, services, finance, people and data. Singapore tops the rankings, followed by the Netherlands, the United States and Germany.

The report said 26.8 percent of those living in first-tier and second-tier cities said they probably or are very likely to pay for high-quality content. For those living in fourth-tier and fifth-tier cities and those who have middle school degrees or less, they care more about content quality, learning knowledge and whether the content they get is real.

The report also stressed that rich-poor divide expanded in the United States, with an increasing number of homeless people.

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The regulator has set a three-year period to accomplish the tasks, including preventing systemic risk, cracking down on illegal businesses and taking more effective measures against foreign insurers that fail to meet solvency requirements and to address long-delayed problems, according to the plan posted by the China Insurance Regulatory Commission on its website.

The report estimated the global AI market is likely to see phenomenal growth and achieve a market value of over trillion by 2025, with a compound annual growth rate of 30 percent from 2017 to 2025.

The report noted that the upstream industries, including the battery, electric motor, electric control and intelligence system, have lowered their costs steadily, and the market competition may get more intense as the California-based electric car giant Tesla Inc finishes the initial construction of its Shanghai Gigafactory by summer.

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The report also said that British officials became more selective on the approval of US delegations' visits after Berkowitz's trip to London. Officials said that Britain had postponed an upcoming trip by Elliott Abrams, the US special envoy for Iran and Venezuela.

The report said local government subsidies to stimulate the consumption of home appliances will promote development of the air conditioner industry. Moreover, adjustment of industry structure will test the supply chain management ability of air conditioner enterprises.

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The regulation of "shadow banking" business will be strengthened through greater supervision and wider coverage of regulation, while irregular financial activities such as illegal fundraising will be combated, media reports said.

The report noted that since the late 1990s, Sino-African trade has grown rapidly, with China now Africa's largest trade partner.