The report also finds that COVID-19 has further widened the education gaps between rich and poor families in LAC.
The report predicted that the biggest loser from the trade disputes would be Tennessee, as trade with China accounts for 7.6 percent of the state's total GDP, followed by four other states of Washington, California, South Carolina and Kentucky, where 5 percent or more of their state GDP comes from the Chinese trade.
The remarkable improvement of the Chinese mainland in the ranking can be traced to its dedication to international trade, and "this continues to drive the economy and the improvement in government and business efficiency," said Bris of the IMD World Competitiveness Center.
The report is scheduled for further discussion on Tuesday morning, according to the agenda of the session.
The report also said in terms of products, most of the home appliances experienced different degrees of market shrinkage and suffered a fall in sales in the first half of the year. However, the sales of products for sterilization and disinfection increased significantly, such as disinfection cabinets, water purification equipment and dishwashers.
The report is based on an online questionnaire that surveyed over 700 scientists in 20 major cities across the world, the result of collaboration between the Shanghai Institute for Science of Science and United States academic publisher Springer Nature.
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The regulation, issued by the Cyberspace Administration of China, requires the online news service providers to abide by the law, promote healthy Internet culture and safeguard national and public interest.
The report added that China saw over 145 million inbound tourist trips in 2019, and its annual tourism revenue topped 6.63 trillion yuan.
The regulation, which Jin said will be released soon, will define the basics of how big data related to health and medical care can be collected, managed and used, and who can be involved.
The regulator also eased access for airlines to operate regional flights linking smaller airports with major hubs in Beijing, Shanghai and Guangzhou to help airlines tap into potential markets, as well as promote the recovery of small and medium-sized airports, he said.