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The report showed that the sectors of cloud gaming and e-sports are booming amid technological upgrades across the country, with their actual sales revenue registering a year-on-year growth of 79.35 percent and 54.69 percent, respectively.

The region is currently at the epicenter of the pandemic, and while some governments have begun to lift measures, others have had to keep them in place or even redouble them due to the persistent daily uptick in cases, ECLAC said.

The regulations and approval processes for cities to apply for building urban rail transit projects were relaxed by the central government twice in 2013 and in 2015, respectively.

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The report said domestic strategic mergers and acquisitions declined by around 15 percent. There were only 10 deals each in excess of billion, compared to 15 in the latter half of 2016. Foreign inbound investment－though much smaller by comparison－was at its highest level in two years because of some larger-sized deals and an increasing number of investments from Japan.

The report by the Beike Real Estate Research Institute, which is part of the real estate online brokerage Ke, reveals that graduates prefer to work and live in a relatively more comfortable urban environment with good public services and appropriate pressure.

The report has found that international retail brands have made great efforts in improving their online-and-offline integrations. In 2018, the online sales of the top 100 foreign-invested retailers increased 61.4 percent, 5.9 percentage points more than the average.

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The report also revealed an increased willingness to pay among people in rural areas.

The regulator issued administrative measures for asset management subsidiaries of commercial banks on Dec 2 to guide wealth management funds to invest in financial markets in a legal and standardized way, with the aim of supporting the real economy, the part of the economy that produces goods and services.

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The report came as concerted efforts were made to drive up domestic demand and boost consumption to support the post-COVID-19 economic recovery.

The report attributed rural China's e-commerce achievements to the country's "tremendous" improvements in human capital, logistics and transport infrastructure.