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The regulatory commission is guided by three overriding principles in granting licenses.

The relationship allows the parks to benefit by sharing collaboration experiences and approaches including local efforts to work with gateway communities, regional and local economies, groups and partner organizations.

The report estimated that China's economic growth will slow to 6.2 percent in 2019 from 6.5 percent in 2018 as domestic and external rebalancing continue.

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The report also showed that the slump in US manufacturing last year was attributable to several factors, including trade developments, weak global growth, softer business investment, and the slower production of Boeing's 737 Max aircraft due to safety issues.

The report also marks the rapid sales growth of imported health, skincare and makeup products in the Chinese counties.

The report said the government would improve regulation after it was found that some projects had not been implemented since being approved.

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The renewed confidence of overseas enterprises stems largely from the helping hand extended by Chinese authorities in matters like investment, production and business operations and has been enhanced by the country's efforts in ensuring orderly work resumption since the pandemic. This has played an important role in sustaining global supply chains, said the experts.

The report cited many Chinese cases as examples because of the technology and job creation boom that happened in the country in the past decade, especially in the internet, e-commerce and fintech sectors.

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The report said that resulted from more people looking for jobs in the internet industry, a 20 percent boom compared to the last quarter of 2017. However, internet companies didn't grow as fast as before. As a result, job positions in the market were reduced by over 40 percent. So, the competition in this sector became greater.

The report by the think tank affiliated to the Chinese Academy of Social Sciences said the population density of the new area should not be too high with an initial population of about 1 million and a long-term limit of 5 million.