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The report has been adopted by all APG members in August and has undergone a stringent review process by the FATF and its global members, to ensure the quality and consistency of the evaluation standard.

The report also revealed that salary accounted for 93 percent of their total income and paying for loans, shopping and children's education occupied the top three daily expenses for China's middle class.

The regulation targeted Moutai mainly because of its special relationship with Guizhou and its huge impact on the province's development, Yang said.

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The release of the letter coincides with the filing of Amazon’s proxy statement this morning, showing Bezos’ total salary holding steady at ,000 in 2011. Amazon’s founder owns 19 percent of the company, and doesn’t receive stock awards.

The report projected that China's infrastructural investment would grow by 8 percent this year compared with 3.8 percent last year.

The report said, for example, that in Southeast Asia there are more than 3,000 captive elephants being exploited for tourism and recreational activities. More than three-fourths of them are housed in harsh environments, restrained with chains, separated from their mothers and forced to undergo brutal training.

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The regional projects pipeline appears solid with more than trillion of projects currently in the planning stage, according to Deloitte's GCC Powers of Construction 2017 report.

The region will decide when to allow a resumption of climbing depending on how global progress of the epidemic plays out in coming weeks and month, the statement said.

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The report said that China's economic development must rely on integration between innovation and industrial production, and work must be made to ensure that innovation progress was passed on to production.

The report also said the initiative offers a Chinese approach to reforming the current global governance system.