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The report also suggests closer cooperation with local charitable organizations for a smoother communication process and more efficient CSR operations. It also calls for an evaluation system of central SOEs overseas CSR performance from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the country's regulator for SOEs.

The report acknowledged that China has been a leader in the global fintech revolution, "with new technology-driven providers transforming how Chinese consumers make payments, borrow, save, insure themselves against risk, and invest".

The report said the market boom has also been cooled by relatively tightened liquidity conditions, as China moved to deleverage the financial sector.

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The report noted that slower economic growth would affect the speed of urbanization and confidence in the real estate market.

The report also showed 93.7 percent of graduates want to buy a home before they are 35 years old. In addition, nearly 80 percent of graduates want family support to buy a home, 61.8 percent need down payment funding from their families and 20.4 percent want to raise their own money to buy a home.

The report released during the event, titled "Leading a New Round of Global Opening up and Cooperation－The Belt and Road in the Eyes of the International Community", found that the global community's recognition of the initiative has been increasing each year.

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The report also suggested to enhance the management of financial SOEs' assets, and improve the framework of the State-owned financial capital management system. The authorities will improve the supervision system of financial companies, as well as the methods of selecting and appointing accounting firms, and improve the governance structure of financial infrastructures.

The report said structural changes in consumption will gradually enhance the impact of services on CPI. In addition, the CPI is set to show a high-to-low year-on-year growth trend in 2019, with the annual inflation level expected to be around 2.2%, the report said.

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The report also found that Chinese consumers will continue to become the backbone buyers of luxury products. In 2016, Chinese consumers spent 640 billion yuan (2 billion) on luxury products, accounting for 32 percent of global consumption.

The relations between the United States and the DPRK improved last year. Trump and Kim had their first summit in Singapore in June. However, differences between the two sides remain over key issues including the scale of denuclearization, US sanctions and whether to issue a war-ending declaration.