The report also showed US wage climbed 2.7 percent on a year-over-year basis in June.
The report is in response to declining investor confidence in London-listed Chinese firms.
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.
The region's largest and second-largest economies, Brazil and Mexico, are both grappling with still-growing epidemics.
The rekindled dispute with the EU follows positive news out of the G20 in Osaka, Japan, over the weekend, when US President Donald Trump, after meeting Saturday with Chinese President Xi Jinping, said he would postpone tariffs on 0 billion more of Chinese imports and relax some restrictions on telecom giant Huawei Technologies Co Ltd. The two nations also agreed to resume trade talks. Stocks markets rallied in response on Monday.
The report also reveals that globally more than 1.2 billion children are at risk of poverty, conflict and gender discrimination, and these children are excluded from learning, and denied basics like healthcare and even food.
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The region plans to further invest in infrastructure construction and boost connectivity by improving rail and highway networks this year, making it a key corridor on the Silk Road Economic Belt. The highway connecting Kashgar city with Pakistan is expected to be completed this year and will support the development of the China-Pakistan Economic Corridor, Shohrat said.
The report pointed out that the quality of products and service is not the only factor deciding a company's reputation. There are other factors including work ethics and leadership, he said.
The report also reflected problems in IP protection in China's eastern and central regions that need to be enhanced.
The report said that China's economic development must rely on integration between innovation and industrial production, and work must be made to ensure that innovation progress was passed on to production.