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The report comes as Washington is considering a broad tariff plan against Chinese imports, raising wide concerns about escalating trade tensions between the world's two largest economies.

The report noted that the results were largely driven by a strong performance in the second half of the year, when two mega-sized deals were completed, which were Alibaba's secondary listing and the listing of Budweiser Brewing Company.

The report showed that Chinese visitor arrivals ranked fifth, trailing Canada, Mexico, UK and Japan, and China ranked seventh in terms of total tourism-related spending in the US.

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The report said Pence had not only kept a full political calendar but also had created his own independent power base, including a political fundraising group called the "Great America Committee".

The report showed that the average debt to asset ratio, a key financial gauge to reflect a company's debt risk, declined in central government-owned enterprises, down to 67.7 percent in 2018 from 68.1 percent in 2017.

The report attributed the year-on-year slump in first-quarter M&A's to the slower pace of going abroad by State-owned enterprises and private companies. The deal value by financial investors in the first quarter even plunged 91 percent year-on-year.

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The report by PwC, which surveys financial results for the first half of the year for 39 A-share and H-share listed banks, said the pace of growth of net profit slowed year-on-year, and profit margins also shrank.

The report said new infrastructure will become a key driving force to boost economic growth. It estimated total retail sales of consumer goods will continue to grow in 2020, especially driven by the consumption of electronic products such as 5G smartphones.

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The reopening of the Chinese market to US beef, one of the first results from the China-United States 100-day action plan reached in May, ends a ban initially triggered by concerns over mad cow disease in 2003, and may well start a new chapter in bilateral economic and trade cooperation.

The report said the ability to prevent and respond to disasters should be improved.