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The report found 78.2 percent of respondents made a profit in China in 2019, marginally ahead of results seen in recent years. Among them, retailers were among the biggest beneficiaries, with 85.4 percent reporting profits last year against only 69.7 percent in 2018. A relatively big proportion of respondents, or 30 percent, reported their China revenue growth in 2019 was 'significantly higher' than worldwide revenue growth, which represents a 6 percentage points increase from 2018.

The report also highlights figures for R&D intensity, the proportion of R&D expenditure to main business revenue. Among the top 500 private companies, 59 had an R&D intensity of more than 3 percent in 2019, while five companies surpassed 10 percent.

The regulator will cooperate with local authorities to speed up the implementation of a pilot program, which pushes online lending platforms to transform into microlending companies. In the mean time, relevant departments of the central government and local authorities will also jointly establish institutions for early detection, early warning and early disposal of online lending risks and illegal financial business, she said.

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The report found that the China-Africa relationship has ramped up over the past decade with trade growing at around 20 percent per annum, with foreign direct investment (FDI) growing even faster at an annual rate of 40 percent.

The report said China has 42 percent of global e-commerce, which processes 11 times more mobile payments than the United States, and is home to one-third of the world's unicorn companies (private startups valued at more than billion).

The regulation bans mining, logging, hunting and fishing in the national park, which was inaugurated last June.

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The report said Chinese courts have also paid attention to crimes that harmed national safety and negatively affected the public's sense of security since 2014, solving 219,000 seriously violent cases involving such crimes as intentional homicide, robbery, kidnap and arson.

The remaining 24 received jail terms ranging from three to 15 years, the court said. They were also deprived of political rights and issued fines.

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The renminbi's central parity exchange rate, or the daily fixing, strengthened to 6.7662 per dollar from 6.8040 on Thursday, the largest jump in three weeks, according to the central bank.

The report also said similar to the first half of 2018, the number of PE/VC deals involving startups was the biggest among all categories in the second half, while companies in the expansionary period received the largest investment in terms of deal value. Investors adopted a strategy to avoid risks by mainly investing in mature projects that had survived market competition and were in stable development.