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The report said only about 38 percent of countries have a published cybersecurity strategy, while an additional 12 percent are in the process of developing one.

The report expects China's consumer price index to rebound to around 2.1 percent in March and retail sales to increase by 8.4 percent from a year earlier.

The regional organization has eight member states: China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan, and Uzbekistan, as well as four observer states and six dialogue partners.

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The regulations include those required by the reform on abolishing and delegating government permits, as well as those that are no longer applicable in practice.

The report said China will relax controls over market access in the service sector, which will attract more high-quality foreign investment to the sector and create more investment opportunities for foreign investors, according to Liao.

The report also said yuan-denominated private equity and venture capital funds were stepping up their pace of moving abroad. It said they were looking for overseas companies that were serving the Chinese market, or purchasing foreign assets and selling them to A-share listed companies.

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The report said the "forced labor" claims in the West ignore the needs of the people in pursuit of a happy life and distort China's poverty reduction plans and employment promotion policies.

The report estimated China's supply quality in 2019 will keep improving because of the ongoing supply-side reform that optimizes production capacity structure, while demand is likely to remain stable in 2019 and beyond.

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The report came as concerted efforts were made to drive up domestic demand and boost consumption to support the post-COVID-19 economic recovery.

The report identified two factors that contributed to this uptake trend: one based on physical goods such as car maintenance and housekeeping, and the other referring to products that are services in themselves, such as travel, pet care and insurance.