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The report noted that the new energy vehicle sector has grown rapidly in Europe in recent years, while its battery industry lags behind. The battery capacity of the European Union accounts for less than 4 percent of the world's total, according to the data from Bloomberg.

The regulation prohibiting smoking in all public spaces, office buildings and public transportation came into effect on June 1, 2015.

The regulation promises harsh disciplinary and legal punishment for wrongdoings.

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The regulations are expected to help legislative organs play a better role in expressing, balancing and adjusting social interests, said a statement from the Standing Committee of the National People's Congress.

The report found that despite China's aging population, winning the love of millennial consumers is critical for brands to thrive. It also noted almost one new product is launched every three minutes in China in 2017, and consumers in China are facing cluttered shelves with new products trying to grab their attention.

The report called for enhanced supervision of government offices and departments to comply with the Statistics Law to ensure independence of the statistics organizations and personnel.

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The report says growth for Southeast Asia is picking up faster than earlier forecast with GDP set to expand by 5.2 percent in 2017 and 2018, compared to September 2017 forecasts of 5 percent and 5.1 percent.

The report said 14 people affiliated with the tragedy faced various criminal measures. Officials involved in the accident have also been transferred to discipline inspection and supervision departments for further investigation.

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The report shows that much of the US trade deficit was a result of the strong import demand in the US, in everything from industrial supplies and materials, such as crude oil, to capital goods such as computers, to consumer goods such as cell phones and other household items.

The report notes that along with the rapid growth of China's nuclear power sector, challenges have emerged when it comes to the country's nuclear security mechanism and management.