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The renamed Siemens Alstom, with sales of around 15.3 billion euros ( billion), will remain based in the Paris area. Alstom Chief Executive Officer Henri Poupart-Lafarge will keep his position and the chairman will be named by Siemens.

The relaxed refinancing rules for listed companies came as China's economy faces growing headwinds. The country's outstanding total social financing contracted by 73 percent in October to 618.9 billion yuan (.4 billion) from 2.27 trillion yuan in September.

The report issued on Wednesday also said that cases in which people made use of the internet to commit fraud, including credit card fraud and crimes relating to invisible currencies, were more frequent last year.

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The remarks came after US Secretary of State Mike Pompeo claimed on Wednesday that the Hong Kong Special Administrative Region no longer enjoys a high degree of autonomy from China, and threatened to revoke Hong Kong's special trade status with the US.

The report said consumer changes were mainly a result of rapid development of China's large-scale global shopping platforms, as well as duty-free shops in places like Sanya City of Hainan Province and free trade zones across the country.

The report concludes that the US continues to lead globally in R&D expenditures and in the number of highly cited research publications. At the same time, other nations, particularly China, are rapidly developing their science and engineering capabilities. As a result, the US is playing a less dominant role in many areas of science and engineering activity.

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The report also says in the past five years, 31,527 criminals were granted amnesty, which highlights the increased protection for human rights.

The report has found two looming challenges for these retailers.

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The report found that convenience and lower prices are key reasons why consumers are choosing to use livestreaming shopping. Other reasons include the ability to obtain more product details and recommendations, and be up-to-date on upcoming special offers.

The remarks received universal criticism from the Democratic Party, and many Republican lawmakers also said such statements were inappropriate.