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The report said that the regulator has also loosened requirements on profitability and shareholding structures of the so-called unicorn companies (those with valuation of at least billion) in the four industrial areas.

The report also reflected problems in IP protection in China's eastern and central regions that need to be enhanced.

The report follows news last week in which Barnes & Noble announced that it won’t carry Amazon.com titles, with the company’s chief merchandising officer Jaime Carey saying that Amazon’s exclusive arrangements with publishers “have undermined the industry as a whole and have prevented millions of customers from having access to content.”

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The remarkable turnaround comes as China has mostly eradicated the virus, contrasting with the sluggish comebacks seen in other major industrialized peers, where factories are still struggling with pandemic disruptions and the hit to demand.

The report found that intermediary agents served as bridges between the hospitals and fake patients. In some cases, the agents would pick up the people from their homes and later arrange for vehicles to take them back.

The report said the median age of flight attendants of both genders in China is 24. There is a much smaller proportion of senior and experienced flight attendants in China, which is unlike Europe and the US, it said.

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The report also said "China has shown a notable improvement in the areas of dealing with construction permits, getting electricity, and resolving insolvency."

The report said that allegations Chinese firms predominately hire Chinese workers are "untrue".

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The report points out that the main difficulty for undergraduate entrepreneurs is still insufficient funds.

The report projected China's investment in 5G will exceed 800 billion yuan in the 2021-2025 period, and its expenditures on internet of things will total over 6 trillion yuan over the next four years.