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The report said the number of private enterprises acquiring overseas is growing much faster than acquisitions made by State-owned ones, and it expected to see an increase in deals aimed at capturing new capabilities required to grow business at home and for accessing global market.

The report also said about 10 percent of them have developed pilot projects, and 40 percent have progressed from conceptual research to experiments or proofs-of-concept.

The report came as China recently eradicated absolute poverty domestically against the headwinds caused by the COVID-19 pandemic, which according to an estimate by the World Bank, could plunge 70 million to 100 million people into poverty globally.

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The removal of restrictions on market access and foreign ownership and the introduction of a larger number of foreign-invested financial institutions will largely enrich financial products and services provided to Chinese consumers, Dong said.

The report showed that just 7 percent of the companies polled had obtained independent assurance of their ESG data, of which only 45 percent had assured the whole report and the remainder only specific sections or data only.

The reopening of schools was originally set for Sept 10, but was postponed twice as teachers, principals and some parents said safety precautions and staffing were inadequate, with the teacher' union at one point threatening to strike. The city agreed to changes, including hiring thousands more teachers and testing 10 percent to 20 percent of all students and staffers per month for the virus.

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The report also found that iPad users’ top concern in their purchase decision was selection of apps, followed by brand recognition. Kindle Fire owners’ top priority was pricing, with brand name and apps selection less important.

The report predicted that the market will continue to expand in the next three years to reach 934 billion yuan in 2021.

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The report came as the nation is playing an increasingly crucial role in the passenger vehicle market globally, with its shares in the global market rising from 9 percent in 2007 to 30 percent last year.

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.