The report also suggested expanding local governments' special bonds, which can help to stabilize infrastructure investment. "The current amount of special bonds is far from enough." And the government's budgeted spending should also increase to support projects having cash flows, such as the public infrastructure projects.
The report also acknowledged the multiple reforms that China has been undertaking.
The report found that since 2013, more than 4,500 BRI projects have been financed globally, with an expected total project value exceeding trillion. A number of British banks are heavily involved in the projects' financing. For example, Britain's Standard Chartered funded more than 50 BRI deals in 2017 alone, and last December it announced an additional billion commitment to BRI projects by 2020.
The report attributed rural China's e-commerce achievements to the country's "tremendous" improvements in human capital, logistics and transport infrastructure.
The registration process of organ donation was also streamlined at the end of last year. It only takes 10 seconds for people to register for organ donation via Alipay, a payment app operated by Ant Financial Services.
The remarks also came after new energy vehicles, which consist of electric cars, plug-in hybrids and fuel-cell cars, saw solid growth in January.
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The report noted leading real estate enterprises have stepped up financing to make up for the short-time cash flow gap.
The region will develop industries that benefit the poor, Sun said. Each county will prioritize five industries from existing ones while poverty-stricken counties will focus on three, he said.
The report said mobile apps related to fitness and running attract higher-earning users, while walking and square dancing apps are more popular in second and third-tier cities.
The report also showed a robust growth in international tourism. The total spending in global travel reached .3 trillion in 2017, marking the highest growth for the eighth consecutive year.