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The report said this has been the most significant crisis in recent times for the global tourism industry, as Chinese international travelers have become the core of the sector and many retailers rely heavily on them.

The report found 78.2 percent of respondents made a profit in China in 2019, marginally ahead of results seen in recent years. Among them, retailers were among the biggest beneficiaries, with 85.4 percent reporting profits last year against only 69.7 percent in 2018. A relatively big proportion of respondents, or 30 percent, reported their China revenue growth in 2019 was 'significantly higher' than worldwide revenue growth, which represents a 6 percentage points increase from 2018.

The report "2019 China Corporate Venture Capital Development Report" was released by the Entrepreneurial Finance and Economic Growth Research Center and Center for Global Merger Acquisition and Restructuring of Tsinghua University and CyZone, a provider of information on startups.

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The report rated 114 countries with 18 countries at a low risk level, 68 at a moderate risk level, and 28 at a high risk level.

The report also said the initiative offers a Chinese approach to reforming the current global governance system.

The report also discusses in detail the promotion of institutional opening-up in the services sector and trade, as well as bilateral and regional free trade in services.

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The regular renovation has been approved by the State Administration of Cultural Heritage.

The report also noted that China's fiscal budget for medical services in 2018 was 1.5 trillion yuan.

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The region suffers constant droughts, drying rivers and freezing temperatures in winter, threatening water supply to many farmers and herdsmen.

The report expects that prices of fruit, vegetable and poultry rose by 3 percent, 9 percent and 2 percent respectively, while pork and egg prices declined by 6 percent and 4 percent month-on-month from January.