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The region will keep promoting rural tourism this year and is expected to help 100,000 farmers and herdsmen gain employment through rural tourism, Huang added.

The region has so far reported close to 400 cases as the coronavirus infection has spread to every continent except Antarctica.

The report said Hong Kong's social enterprises would prefer more government support in three areas — providing grant funding, recognizing social enterprises as a separate entity, and making it easier for social enterprises to win public-sector contracts.

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The report said the CIER index, a key indicator of China's labor market, will match up to that of the third quarter of this year while peaking by the end of this year. The index is calculated using vacancies offered divided by number of job seekers.

The remarks were made on Wednesday at the China Brand Forum. Held by People's Daily, the forum also released an index measuring brand development in China, with parameters including brand innovation, the ability to profit, corporate social responsibility, and many others.

The report predicts that in the next ten years, global alcohol per capita consumption is set to increase, particularly in the Southeast Asia and Western Pacific Regions, and the Region of the Americas.

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The regulators also ordered bond issuers to strictly fulfill their obligations including information disclosure and to actively pay off their debts.

The region plans to further invest in infrastructure construction and boost connectivity by improving rail and highway networks this year, making it a key corridor on the Silk Road Economic Belt. The highway connecting Kashgar city with Pakistan is expected to be completed this year and will support the development of the China-Pakistan Economic Corridor, Shohrat said.

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The regular epidemic prevention and control mechanism for COVID-19 should be constantly improved to increase efficiency and accuracy, the circular said. Efforts should also be made to boost the recovery of the passenger transport, catering, tourism and hotel industries.

The regulator has tagged the company as a Special Treatment case, implying the company has poor fundamentals.