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The report accused the US of serious infringement on citizens' civil rights, systematic racial discrimination, severe flaws in US-style democracy, a widening rich-poor divide, discrimination and assault against some specific groups, such as women, children and people with disabilities as well as its continued violations of human rights in other countries.

The report found that 55 percent of respondents from China said they were willing to give up their preferred airline in the next year if poor quality in-flight connectivity was offered.

The report showed that the internet-based digital economy rose to 31.3 trillion yuan (.6 trillion) last year, up 20.9 percent year-on-year.

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The report also predicts that, because of lower production costs and more charging facilities, electric cars will start to surge in number from 2025 and around 2027, highly or even fully autonomous cars will become part of most people's daily lives.

The report stated that the economic outlook for Asia and the Pacific remains strong, and the region continues to be the most dynamic of the global economy.

The report points out an interesting trend: “Large retailers (those in Internet Retailer’s top 100) have seen twice the growth in online sales compared to small retailers since the beginning of the season. Retailers that have invested in mobile, email and social have seen 30 percent more sales on average and 25 percent higher average order values. “

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The report also showed that the average price-to-earning (PE) ratio in the A share market almost halved in June this year from the end of 2015.

The report predicts that transactions of products across all categories through livestreaming e-commerce will increase 156 percent year-on-year to nearly 1.16 trillion yuan in 2020, and the booming livestreaming e-commerce segment will contribute new growth points to China's gold and jewelry industry.

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The regulation, which took effect on Jan 1, epitomizes the efforts made by the State Council to reduce bureaucracy, enhance compliance oversight and improve government services.

The report has modelled three scenarios that it believes are plausible: a downturn in China's economy which sends Australia into recession; Asian economies perform better than expected while Australia's government has the courage to reform; and Australia gets better at being "cyber smart."