The report echoed Qin's observation. It said 7.19 percent of fraudsters convicted in 2017 were reoffenders, compared with 6.38 percent the previous year.
The report found that as a result, young urbanites may not blindly chase big Western brands simply because they were well known, creating a more level playing field for small Chinese brands created by startups.
The report suggested establishing a sound incentive and punishment mechanism to guide financial institutions in terms of management of projects in accordance with their environmental risks and impacts.
The report also said the average price-to-earnings ratio of A-share listed TMT companies has continued on a downward trajectory in recent years. As of June 30, 2016, the average price-to-earnings ratio of A-share TMT companies reached 71, and declined by just over 30 percent to 49 by Dec 31, 2017.
The report analyzes the experience of developed countries in peaking oil consumption and, based on comprehensive consideration of three possible scenarios for China's oil consumption (the baseline scenario, the strengthened policy scenario and the 2 C temperature control scenario), it sets a China oil consumption cap pathway.
The region's economy recorded 5.1 percent growth last year, driven by strong domestic demand and investments.
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The remarks came as the government is reportedly circulating a memo on Capitol Hill describing a possible proposal to expand background checks to all advertised commercial sales, including sales at gun shows.
The remains of the six people onboard were recovered on Friday. Local authorities said they will return to the site of the wreckage on Saturday to search for the remains of the seventh individual.
The renminbi exchange rate against the dollar could climb to 6.72 in the near term if the dollar continues to weaken, forecast Lukman Otunuga, a research analyst at FXTM, an international foreign exchange platform.
The report shows that white goods export recorded .1 billion in 2018, a year-on-year rise of 9.6 percent.