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The report also said the China-proposed Belt and Road initiative to rebuild the ancient Silk Road trading route could prove to be a win-win situation for both China and Africa.

The relics, covering 5,000 square meters, is located at the Yinxu archeological site near Anyang, an ancient capital city in late Shang. The discovery is believed to be important for the study of bronze casting techniques and society at that time.

The report said by addressing the lawmakers' concerns, the Commerce Department aims to rally Congressional support for the US-Mexico-Canada Agreement, a replacement for the 1994 NAFTA deal that Mexico and Canada signed with the United States on Nov 30, 2018 under pressure from the Trump administration.

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The regulator has urged banking institutions to step up efforts to dispose of NPLs and further expand channels for NPL disposal. It will launch a pilot program allowing banks to transfer nonperforming personal loans, including consumer loans, home mortgage loans and credit card overdrafts, in a batch to asset management companies.

The report is based on the Executive Board of the IMF the Article IV consultation with China, which was concluded on July 31, 2019.

The report proposes that family laws must be amended and reformed so that women can choose whether, when and who to marry and they have access to family resources.

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The report said that the regulator has also loosened requirements on profitability and shareholding structures of the so-called unicorn companies (those with valuation of at least billion) in the four industrial areas.

The report also mentioned that the total number of licensed motor vehicles in Macao at the end of 2018 edged down by 0.6 percent year-on-year to 240,145, of which light motorcycles (26,256) decreased by 10.5 percent, whereas light automobiles (108,442) and heavy motorcycles (97,822) inched up by 0.8 percent and 0.9 percent respectively.

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The remaining challenge, he said, was for the UK and China to identify a list of projects that third countries want to work on, so that Chinese and UK businesses can start focusing on such projects. Another key area, he added, is to define the standards that make these big projects financeable on market terms in the global market.

The report said stronger measures are needed to prevent people from consuming the substances - called aristolochic acids - which are found in many types of plants. The plants have been used in traditional Chinese medicine to treat a variety of symptoms and diseases, such as arthritis and inflammation.