The report estimates an average decrease of 20 percent in the consumption of personal luxury goods globally in 2020.
The remnants of the impoverished Chinese are mainly from a mosaic of ethnic communities scattered across western regions-commonly referred to as the Three Areas and Three Prefectures-which are deeply impoverished, officials said.
The report also put forward policy recommendations, including building a healthy digital financial inclusion ecosystem, and making good use of regional and global cooperation initiatives, such as the Belt and Road Initiative, to achieve common growth.
The regulators are strongly determined to push forward marketization of China's financial system and the supply-side structural reform in the financial sector, said Wen Bin, principal researcher at China Minsheng Banking Corp Ltd.
The report said investments in transportation, warehousing and postal industry will maintain a growth rate of 10 percent in 2018.
The regulation, formulated by ministries including the China Food and Drug Administration and Ministry of Public Security, and approved by the State Council, will take effect on Feb 1.
青岛快速优化排名
The report also showed that trust changed profoundly in the past year with "my employer" becoming the most trusted institution globally. In China, "my employer" has gained the same level of trust as the government, which is higher than the global average and ranks second among all the markets surveyed.
The region's economy recorded 5.1 percent growth last year, driven by strong domestic demand and investments.
The registration for the second expo will end on April 30.
The report said the northeastern provinces of Liaoning, Jilin and Heilongjiang, along with Hunan province and Chongqing, have the oldest workforces in the country, while Guangdong, Guizhou and Hainan provinces, and both the Xinjiang Uygur and Tibet autonomous regions have the youngest.