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The release of the decision marked the conclusion of the second round of centralized clean-up of Party regulations and normative documents, which was launched in November last year.

The report also shows the proportion of online retail sales in China, as part of total retail sales of consumer goods, has now surpassed global averages. In May, 2017, Chinese consumers bought products worth over 1.4 trillion yuan on the internet, more than twice the amount in the US.

The relatively low cost of large-scale land use in the Gobi desert, as well as government financial support, have also encouraged large firms to start their Gobi farming pilot projects in Gansu, forming a promising partnership of government, enterprises, cooperatives and local villagers.

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The report provided authentic evidence that, instead of artificially depreciating the yuan for trade advantages as the US administration alleged, China actually has been committed to keeping the yuan generally stable at an equilibrium and adaptive level, said Liu Chunsheng, an associate professor with the Central University of Finance and Economics, agreeing with Yu.

The report also noted that CVC firms invested heavily in software industries and internet startups, accounting for 40 percent of total CVC investments, much higher than the 13 percent investment in manufacturing.

The report pointed out that the increasing number of American workers hired by Chinese companies echoes US President Donald Trump's campaign promise to create more jobs in the country.

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The regulator also raised a complete suite of requirements on the risk management system of banks' online lending. This will effectively keep control over potential risks amid the development and innovation of such business, Cheng said.

The regulation is a reflection of the effort to ban leading cadres from engaging in commercial activities or abusing their power, combined with the reality of the situation in Guizhou, said Yang Weidong, a professor at the Chinese Academy of Governance's Department of Law.

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The report also said that China faces a major challenge in balancing growth stabilization and economic restructuring this year. "The government has had to repeatedly rely on investment and monetary supply increases to achieve its pre-set growth target," it said. "This year, China will still have to balance achieving the growth target, restructuring and reform, and it will become more challenging and difficult."

The report recommends the diversification of available product range by including non-leveraged and "hold to maturity" type products on the exchange platform.