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It also confirmed downside risks, with an increasing number of companies taking a dim view of the export outlook for the next two or three months and more of them reporting higher export costs.

It continued to optimize its credit structure to support the real economy. The balance of loans to infrastructure sectors reached 3.68 trillion yuan at the end of 2019, up 6.49 percent from the prior year-end. Over the same period, the balance of loans to strategic emerging industries increased by 38.38 percent to 533.55 billion yuan.

It also set out policies to unleash consumption potential in lower-tier cities and rural regions, with an urban-rural integrated network to facilitate flows of agricultural produce to the cities and industrial products to rural areas.

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It also formed a joint venture in September with Russia's sovereign wealth fund, telecom company MegaFon and internet firm Mail. Ru Group to expand customer base.

It also highlighted the balance between a stable capital market and strengthened supervision.

It comes after video footage emerged online recently that showed tour guides asking tourists to buy ticket packages before they arrived at Snow Town.

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It involves 19 towers, including residence and office buildings, in addition to a 385-meter skyscraper, which will be the highest in Africa once completed.

It also help created a college alliance for standardization cooperation, which now counts 105 colleges from more than 30 countries and regions as members, it said.

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Isaac Nahon-Serfaty, the chair of the communications department at the University of Ottawa, predicted the next critical moment would be the return of Guiado, who is now in Colombia.

It also upgraded Hong Kong's growth in 2018 to 3.2 percent from 2.1 percent, according to an update of ADB flagship annual economic report, Asian Development Outlook 2017, which was issued in April.