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The report expects the growth in the services trade deficit to slow this year, and the country will activity expand imports. That will help to achieve a more balanced international payment account although risks are rising because of external shocks from trade and investment protectionism.

The region will attract more foreign investment in areas including big data and the internet of things, information technology, biopharmaceuticals, artificial intelligence and smart equipment, manufacturing of high-end equipment, new energy and new material segments, in addition to modern service sectors and modern agriculture, according to the statement.

The report said that the major issues to be addressed currently regarding China's economy are preventing financial risks and improving the structure of investment and output.

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The relatively healthy economic backdrop in the region is helping support outbound demand but IATA said this is being partly offset by a negative impact on inbound traffic to the United States.

The report covers 71 countries along the Belt and Road summarizing the current trade picture and projecting future trends.

The regulation on bettering the business environment, which is scheduled to be implemented on Jan 1 next year, draws upon China's successful practices and experience in recent years in transforming government functions and improving the business environment.

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The remarks also came against the backdrop that some Trump administration officials have tried to push a debunked conspiracy theory that the coronavirus originated in a Chinese lab, despite wide scientific consensus that the virus was not man-made or genetically modified.

The report named policy support as the major reason for a rapid development of China's green bond market. It will be still the key to realize sustainable growth in the green bond market.

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The regulator has tagged the company as a Special Treatment case, implying the company has poor fundamentals.

The report said 41,948 cases were filed from Jan 1 to Nov 30 last year, of which 28 percent were related to libel. Having researched the disputes, the court found that many defendants were university students or unemployed people ages 19 to 30.