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The report analyzed the city development potential of 336 administrative units at or above the prefecture level in China via 27 indicators, including population, industries and location, and ranked the cities from first to fourth tier according to GDP, per capita disposable income of urban residents, and political status.

The report said 83 percent of surveyed Chinese consumers see security as the most important element of their online experience, the highest in the Asia-Pacific region. And 37 percent of Chinese consumers are not willing at all to share personal data, such as financial, commercial and biometric data or contact information because of data and information leakage, which also ranks first in the Asia-Pacific region.

The report pointed out that while China has stabilized its near-term growth outlook, its policies to contain leverage and financial risks remain constrained by the authorities' long-term growth objectives to double the average income and size of China's economy by 2020. Achieving this requires ever increasing amounts of credit.

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The regulation also called on government offices, state-owned enterprises and public institutions to abandon the use of disposable items including single-use chopsticks, spoons and cups.

The relative economic strength has helped backstop some Western companies' bottom lines.

The report said a growing number of Chinese seniors are embracing digital products and services, particularly driven by their social needs. As of September 2017, Tencent's WeChat messaging app had gained 50 million active users above the age of 55.

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The relatively low reading is attributable to the economic growth easing, especially the weakening of the real economy seen since last year, uncertainties from the Sino-US trade disputes and the seasonal disruption of activity during the Lunar New Year holidays in early February, Yang said.

The report came as the ministry is expected to release two updated foreign investment negative lists-which identify sectors where foreign participation is restricted, by the end of this month.

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The report put forward five key guiding principles for member countries to smartly use fiscal policy to achieve more policy objectives, noting that fiscal policy should be countercyclical, growth-friendly, inclusive, solidly grounded in tax capacity, and be conducted with prudence.

The regulation, approved by the Standing Committee of the Hebei People's Congress, will come into effect on Nov 1.