The renewed confidence of overseas enterprises stems largely from the helping hand extended by Chinese authorities in matters like investment, production and business operations and has been enhanced by the country's efforts in ensuring orderly work resumption since the pandemic. This has played an important role in sustaining global supply chains, said the experts.
The report also said Chinese AI enterprises registered high growth rates in the fields of education, business intelligence and facial recognition. The notable companies in these areas, Squirrel AI, Bytedance and CloudWalk, grew at a rate of over 5,000 percent, 700 percent and 600 percent, respectively.
The report said that the value of Chinese mergers and acquisitions in Belt and Road economies more than quadrupled to .9 billion in 2016 from .3 billion in 2014.
The report showed that in 2000, the US spent 8.6 billion on R&D, ranking first in the world. EU was second with expenditures of 3.4 billion. China was fifth at .1 billion.
The regulation, to be effective starting Dec 1, strengthens the punishment of illegal activities, adding a "punishment to person" system to hold legal representatives and relevant responsible persons accountable, who may face fines up to 10 times their annual income, said Sun Meijun, an official with the State Administration for Market Regulation.
The regulation came as China's Ministry of Water Resources last week warned of extreme weather events during flood season and called on local authorities to prepare for the floods.
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The relocation project in Guizhou involved 1.88 million people, a record high in the country, according to Xinhua.
The report said sales of mooncakes increased by 240 percent from Sept 20 to Saturday, compared with the same period last year. Among them, mooncakes filled with eggs, pork, bean paste and kernel are the most popular products.
The regulation also provided specifications on how to organize and carry out surveys as well as rules to ensure transparency of relevant data.
The report estimated that the annual sales of the top 100 developers this year will grow by up to 9.6 percent.