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The report also cited concerns that China might use the port militarily, even though an agreement it has with Sri Lanka forbids such activity without Sri Lanka's invitation.

The report issued by UK health insurance provider Bupa Global was based on a survey that collected feedback from 1,031 senior executives in China's first-and second-tier cities. They include business owners, company presidents, senior management members and other company officers at the director level or higher.

The regulatory commission is guided by three overriding principles in granting licenses.

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The report states over half of the surveyed set up their air conditioner at the temperature of 26 degrees Celsius in summer so as to save energy, thanks to information presented by the government, non-government organizations and media.

The regulation would ban online travel agencies from offering unreasonably cheap tour packages or using big-data analysis to price tour products to the disadvantage of existing customers.

The report recommends policies that improve cities: 1) travel within cities must be fast and cheap; 2) clusters of big cities with the surrounding smaller cities and rural areas should be supported by transportation investment and unified regional planning; 3) real estate, especially housing, needs to be affordable to a wide variety of people; and 4) cities must be healthy with good environments.

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The report showed that China is moving towards a cashless society, as the search requests for purses on Alibaba's e-commerce platforms dropped in 2017, for the first time in history.

The region is also taking bold strides in hi-tech and innovation, setting up pools for talents and building hubs for companies.

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The report said as of Feb 10, 2020, 53 percent of active home hosts in China are women, with millennials and generation Z female hosts being the main force in the Airbnb China community.

The regulator said it will comprehensively strengthen the rule of law in China's capital markets, promote the revision of the country's Criminal Law, and push the legislation of the Futures Law to better protect the rights and interests of investors.