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The regulation will offer market guarantees for companies investing or expanding their business in China. Equal treatment will be given to all market entities, whether foreign or domestic, by establishing basic institutional norms in the business environment, according to the new regulation.

The report also predicted a boom in the property rental and leasing market for the next year on policy stimulus, especially in first- and second-tier cities.

The regulator should provide support and convenience for normal news coverage by Chinese media outlets in the UK, Zhao said, expressing firm opposition to obstruction of such activities.

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The report focuses on the efforts of the Political Bureau of the CPC Central Committee in implementing the eight-point frugality code, which was introduced in 2012, and the political bureau's role in leading the Party to improve work styles.

The report also noted about 100 Chinese exhibition organizers held more than 1,540 exhibitions in 70 countries in 2017, an increase of 3.82 percent year-on-year.

The report pointed out that trade balance is misleading, citing the example of Apple and General Motors. There were 310 million active iPhones running in China in 2016 and Apple generated billion revenue from China in 2016, mostly from iPhones. But it was not reflected in the trade balance since China only imported million of cell phones from the US in 2016.

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The regulation clarified the primary responsibilities of producers and business operators in food safety, specified the duties of major corporate leaders, regulated the storage and transportation of food products, banned false promotion of food products, and improved the management of special food.

The registration process of organ donation was also streamlined at the end of last year. It only takes 10 seconds for people to register for organ donation via Alipay, a payment app operated by Ant Financial Services.

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The region's total retail sales of consumer goods registered growth of 6.8 percent, while local fiscal expenditure grew 7.5 percent.

The remarks were made recently at the launch ceremony of 50 Typical Cases of Targeted Poverty Alleviation by Chinese Enterprises, an industry report jointly released by The State Council Leading Group Office of Poverty Alleviation and Development as well as the Research Center for Corporate Social Responsibility under the Chinese Academy of Social Sciences.