The report found 494 unicorn companies across 118 cities in 24 countries. China's Ant Financial topped the list with a valuation of 0 billion, followed by China's ByteDance and Didi Chuxing.
The remarks came right after the Beijing-based firm inked a strategic partnership with Chinese women's national volleyball team, where the latter will be the spokesperson of the online education brand.
The remarks are also in line with the economic aims espoused by the central authorities. According to a statement released after the Central Economic Work Conference in 2018, China will push forward a new pattern of all-around opening-up to pursue mutual benefits with the rest of the world. The country will increase imports and cut import tariffs on some products to promote balanced trade, the statement said.
The relationship between Malaysia and China has proven to be mutually beneficial since the two countries established diplomatic ties in 1974, said the prime minister.
The report also listed some employment targets, such as that the registered unemployment rate should not exceed 5.5 percent and to create over 9 million new urban jobs.
The report based on surveys of 126,000 graduates in 2019 showed more graduates in 2019 tended to work in the education industry, compared to the share in 2017 of 14.7 percent.
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The report estimated that China's economic growth would slow to 6.2 percent this year from 6.5 percent last year as domestic and external rebalancing continues.
The remaining shares will be held by affiliates of Alibaba, Tencent and other funds.
The regulation also set strict control on adding manufacturing capacity of conventional fuel cars, while pushing healthy and orderly development of new energy and smart vehicles.
The report also said the number of people engaged in the social commerce field is expected to reach 48.01 million in 2019, up 58.3 percent year-on-year. In addition, the tendency with regard to the integration of online and offline shopping channels will be strengthened, with diversified, personalized products favored by Chinese consumers.