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The relations between the two countries have developed healthily and stably over the past years with practical cooperation in various fields advancing steadily thanks to the personal efforts made by the two heads of state, Zhang said.

The regulations, drafted by the Ministry of Industry and Information Technology, are expected to allow more tests of self-driving vehicles on public roads in different cities across the country and lower Chinese companies' costs of acquiring high-quality data, said Gong Zheng, an engineer at the China Academy of Information and Communications Technology, a think tank affiliated with the ministry.

The renminbi's recent performance is still within reasonable range and the market has remained stable. Wild fluctuations of the currency will not be allowed, said Liu.

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The report stated that there was no evidence that Trump's campaign conspired with the Russian government during the 2016 US elections but did not conclude if the president had obstructed justice.

The regulations, in particular, require transparent and simplified organizational structures, with financial institutions no longer permitted to hold shares in group affiliates or in their parent entities. That also increases scrutiny of the legitimacy of the financial holdings held by companies and the capital sources, he said.

The report showed that products from Japan, the United States, Australia, South Korea and Germany were the most popular among Chinese online shoppers, while Chinese mainland products sold well in Russia, Hong Kong, the United States and Spain.

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The regional unemployment rate is projected to be around 13.5 percent by the end of 2020, 2 percentage points higher than projected in April and 5.4 percentage points higher than 2019's figure.

The report also highlighted key trends impacting China's FMCG market.

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The report says that the tariffs plus retaliation will hurt every US state, including those in the Rust Belt, many of which voted for Trump in the 2016 presidential election. The 10 states that would suffer the highest job losses are California, Texas, Washington, New York, Georgia, Missouri, Pennsylvania, North Carolina and Ohio.

The report also vindicated the police's use of force in handling the violent protests as "necessary" to fulfill their duty to maintain law and order.