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The report further notes that despite soaring investments in local R&D and related capabilities, China remains a significant technology importer. For the country to move into higher-value categories, it needs to make progress in two respects: first, in developing and acquiring core technology and know-how; and second, in designing an ecosystem with competitive dynamics that fuel innovation.

The region has witnessed a surge in cross-border tourism in the past year, with the number of visits to the region's eight prefecture-level border cities increasing 25.8 percent year-on-year to 53.2 million, according to the regional government.

The report showed that the internet-based digital economy rose to 31.3 trillion yuan (.6 trillion) last year, up 20.9 percent year-on-year.

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The remarks were made before a key meeting of the central leadership, which runs from Monday to Thursday in Beijing.

The relationship between governments and local financing platforms should be properly handled, and the latter should transform into market-based state-owned enterprises that can stay clear of government intervention.

The regional GDP of Guangdong, an economic powerhouse in South China, topped 8.99 trillion yuan in 2017, accounting for 10.5 percent of China’s total, according to a government work report.

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The release and departure of Brunson have removed an irritant in Ankara-Washington ties, as the United States has punished Turkey in August by imposing sanctions on two Turkish ministers and doubling tariffs on aluminum and steel imports from Turkey.

The regulator welcomes companies in industries such as biosciences, cloud computing, artificial intelligence and advanced manufacturing, to promote the country's capital market and foster the new economy, market sources said.

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The report notes an increasing number of inbound tourists from Belt and Road countries.

The report said that 85 percent of the companies evaluated got scores of less than 50. A full score is 100.