The report came as China's big three mobile operators-China Mobile, China Unicom and China Telecom-are scrambling to con-duct trial operations of 5G systems in a string of cities. They are aiming to fully commercialize the technology in 2020.
The regional contest, held by China Daily and VDO English, an online English learning platform developed by China Daily, saw a record number of thousands of participants this year. Thousands of students from universities, primary and secondary schools in Hong Kong vied for the top prizes.
The report documented that new jobs were created due to technology. On the one hand, technological progress directly creates jobs in the technology sector. On the other hand, technology also facilitates the creation of jobs through online work or in the gig economy, it said.
The report noted rich people's high appetite for overseas investment that grew from 2011 has cooled down to a rational level, with their overseas assets allocation becoming more dispersed. Since 2013, their offshore assets allocation per capita has stood at 20 to 30 percent.
The regulators called on local authorities to make further efforts to create a better rental market.
The report expects global upstream oil and gas investment to stabilise in 2017. "However, an upswing in US shale spending contrasts with stagnation in the rest of the world, signaling a two-speed oil market," it noted.
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The report noted the country's sharing economy is on the cusp of a new phase of development where quality matters more than quantity or market expansion and speed of expansion. Its annual growth rate is estimated to reach 30 percent in the next three years, slower but signaling its sustainable development.
The report said Chinese courts have also paid attention to crimes that harmed national safety and negatively affected the public's sense of security since 2014, solving 219,000 seriously violent cases involving such crimes as intentional homicide, robbery, kidnap and arson.
The regulation also specifies the code of conduct and legal obligations for patent agents and patent agencies and calls for improved inspection and supervision over their services.
The region offers tremendous opportunities for Chinese clean energy companies, especially in solar, wind and nuclear power, as the markets there are still developing zero-carbon sources, said Jacobelli.