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The report said shipping plays a crucial role in extending the global supply chain.

The report identified the growing cost of renewable subsidies and grid integration in China as potential barriers to further growth, and noted that China's renewable energy policies are being modified in order to address these challenges.

The report attributed auto sales decline partly to the expiration of favorable purchase tax policies. China restored car purchase tax to 10 percent at the beginning of last year after setting it at 7.5 percent in 2017 and 5 percent in 2015 and 2016.

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The regulator announced the punishment at a weekly news conference, on the same day the National Association of Financial Market Institutional Investors, or NAFMII, prohibited the firm from rating some types of credit products for a similar period, according to an announcement on its website.

The report examined the level of digitalization from the lens of industry, consumption and civic services. It found that digitalization has a profound impact on traditional industries and is exerting a positive influence on employment.

The report also takes cognizance of the large scale of local government debt, default pressure of corporate credit securities, the downturn in some real estate markets across the country, the fraud-prone internet finance sector, and some financial institutions troubled by poor governance and bad loans. Even issues like illegal fund raising by some private-sector players like venture capital firms and online sneaker peddlers have attracted PBOC attention in recent months. Such factors may also trigger financial risks that could potentially spread and destabilize the country's financial system.

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The report notes that along with the rapid growth of China's nuclear power sector, challenges have emerged when it comes to the country's nuclear security mechanism and management.

The release said the decision was taken "to optimize the work of the US mission in Russia," and no action related to the Russian consulates in the United States had been planned.

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The report said that only 21 percent of college graduates last year chose to work in first-tier cities-Beijing, Shanghai, Guangzhou and Shenzhen-down 4 percentage points from 2014.

The remarks came after non-US semiconductor suppliers had to halt shipments of products containing US technologies to Huawei. If they want to continue shipments to Huawei, they need to apply for a license from Washington, according to the latest US government restrictions.