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The report by market research consultancy QY Research showed that in 2016, the country's medical ultrasonic diagnostic instrument market was .15 billion, and its 6 percent average annual growth rate is double the global growth rate of 3 percent.

The report cited a preference towards a continuation of current supply chain dynamics, as well as a search for cost-effectiveness in times of great uncertainty, as possible reasons behind the choice.

The report comes at a time when the tepid growth of some indicators has raised concerns over China's rebalancing moves toward domestic consumption as trade troubles with the United States have escalated and uncertainties in the global economy have increased.

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The remaining impoverished rural Chinese are mainly from a mosaic of ethnic communities scattered across western regions: the Tibet autonomous region, as well as four provinces where ethnic Tibetan people live, the southern part of the Xinjiang Uygur autonomous region and three prefectures in Gansu, Sichuan and Yunnan provinces.

The report said that in the first half of 2019, the region received about 76 million visits, up 46 per-cent year-on-year. Revenue generated by tourism exceeded 115 billion yuan ( billion), registering an increase of about 48 percent over the same period last year.

The report is a crucial step to spotlight how State-owned assets are being used and will be beneficial to controlling losses in State-owned assets by enhancing management transparency, he said.

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The report highlighted AI, robotics, and other tech-enabled next-generation sectors in China that are attracting significant investment, with the pace expected to continue.

The regulatory tightening reflected a prudential attitude, which aims to enhance banks' resilience to risks, he added.

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The report released by the Canada China Business Council and Rotman School of Management surveyed a cross-section of Canadian companies doing or considering doing business in China, as well as Chinese companies with the same intentions in Canada during 2016.

The reopening followed the province's decision to further downgrade its COVID-19 response from level II to level III on Wednesday. China has a four-tier public health emergency response system, with level I being the highest.