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The report said a number of listed companies have been rolling out the application of NB-IoT.

The rental fee is the company's major source of income. A deposit of 99 yuan (.57) is also usually required, but service providers could not make use of that fund under national regulations.

The report says that financial market is the logistic support for foreign trade and capital export. RMB internationalization needs a mature international financial center. A complete international financial market for pricing and trading RMB can take shape in the order of short-term money market, medium-term bond market, and long-term multi-level equity market.

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The report said that local currency bonds outstanding in emerging East Asia reached .2 trillion at the end of June, up 5.0 percent from March this year and 15.5 percent higher than in June 2019.

The report should cover information including land occupancy, construction content, project progress and investment situation.

The regulatory cost, from illegal fundraising and cross-border money laundering emerging from bitcoin trading, is much higher than the innovation benefits from the cryptocurrency, pushing policymakers to make the decision, said Du.

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The regulation, which will take effect on November 1 this year, specifies rules on a wide range of issues concerning the market access of financial holding companies, including registered capital, shareholders, actual controllers, capital replenishment and risk management.

The report said the number of national maker spaces reached 1,300 last year, more than double that of previous several years.

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The report also said Foxconn is planning to start construction as early as 2020. However, the company declined to elaborate.

The report exceeded expectations. Analysts surveyed by The Wall Street Journal forecast a gain of 187,000 jobs last month and a 3.6 percent unemployment rate.