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The regional clusters which include Beijing-Tianjin-Hebei area and the Pearl River Delta are major sources of investment.

The renowned expert said he thinks China is going to grow by 2 percent to 3 percent this year, a more optimistic projection than that of the International Monetary Fund (IMF) and the World Bank, which both forecasted a growth rate of roughly 1.0 percent for China.

The report showed that 10 of the 15 countries with the biggest growth of Chinese visitors are in Europe, including Switzerland, Belgium and Serbia, reflecting the growing desire of Chinese travelers to seek out new and authentic experiences off the traditional tourist trail.

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The relationship between pets and their owners was a working partnership until 30 years ago, when standards of living started to rise as a result of the reform and opening-up policy, and people began owning animals for companionship and pleasure.

The region will eliminate absolute poverty this year along with the rest of the country. Since 2014, more than 470,000 new urban jobs have been added annually, with a registered urban unemployment rate below 4.5 percent. People's health has been guaranteed during the COVID-19 epidemic, with no confirmed cases reported for more than four months. Normal religious activities have been protected in accordance with the law. People enjoy the right to use their ethnic languages and inherit their cultures.

The report also shows that the growth rate for online sales revenue was higher than that of the offline sales in the first half of 2017.

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The report attributed the growth to factors including improving market sentiment, companies' asset disposal and the use of new accounting standards.

The reiteration of achieving these goals has boosted market expectations of more accommodative policies to support economic growth.

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The removed regulations are related to private enterprises, water pollution prevention, geological survey qualification, livestock and poultry, and re-education through labor. The main content of those regulations is inconsistent with current laws and regulations, it said.

The report cited data from the China Institute for Income Distribution of Beijing Normal University, showing that the middle-income class is expected to scale up to 43 percent in 2020 if there are no policy changes, while the figure could reach up to 50 percent with preferential policies.