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The regulation standardizes contract signing between the relevant signatories and SMEs, requiring them to pay for goods, projects and services from SMEs on time. It also prohibits them from extending the payment period.

The relocation program, which included the relocation of companies and artificial precipitation, helped restore the ecosystem in the nature reserve. These days, wild animals such as red deer and goitered gazelles can be seen in the area again. The lake's area has been expanding, too.

The report also suggests closer cooperation with local charitable organizations for a smoother communication process and more efficient CSR operations. It also calls for an evaluation system of central SOEs overseas CSR performance from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the country's regulator for SOEs.

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The regional projects pipeline appears solid with more than trillion of projects currently in the planning stage, according to Deloitte's GCC Powers of Construction 2017 report.

The report said more than half of orders came from residential areas, followed by schools, office buildings and hotels.

The report also urged the government to pay more attention to consumption that can result in investment, as well as boost sustainable industrial production.

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The regional government increased loans for entrepreneurship and offered subsidies to companies that organized online or offline training sessions for workers during the coronavirus epidemic.

The relaxations on first-time buyers and high-end talents purchasing homes are only allowed within particular regions, as the country has no intention of comprehensively relaxing property policies, said Wang Tao, chief China economist with UBS AG.

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The report also reveals an increasing number of female consumers who play and spend in the virtual world of video games.

The report published Thursday by the accounting firm PwC, also known as PricewaterhouseCoopers, said 482 real estate merger and acquisition deals were recorded in China last year, up 6.4 percent year-on-year, and major real estate developers continued to grow rapidly in 2017 as industrial concentration intensified.