The report called for further efforts to increase innovation and entrepreneurship at colleges and stimulate the growth of SMEs in the greater bay area. The area also needs to improve public service infrastructure, protect the environment and increase cultural attractions.
The report said that as of the end of last year, China had 102 publicly-listed internet companies both at home and abroad with a total market capitalization of over 8.97 trillion yuan (.42 trillion).
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 report found that 30.7 percent of customers hoped to receive their goods within several hours, while 28.8 percent hoped delivery times could be shortened to between 30 minutes and one hour.
The registered unemployment rate in urban areas came to 3.82 percent at the end of September, edging down from 3.83 percent three months ago.
The remaining half will be used to support the training of the unified armed forces as part of China's support to South Sudan's peace process.
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The report also said the initiative offers a Chinese approach to reforming the current global governance system.
The report found that 2019 was the best year on record for offshore wind, with 6.1 GW of new capacity added globally, bringing total global cumulative installations to 29.1 GW. China remains in the number one spot for the second year in a row for new installations, installing a record 2.4 GW, followed by Britain at 1.8 GW and Germany at 1.1 GW.
The report showed that elderly people spend around 1.37 hours on WeChat and have roughly 104 WeChat friends. Compared to the young generation, they are more likely to believe internet rumors.
The region's increasingly close interactions and cooperation with the mainland have "injected strong impetus to its development" said Huang, while stressing that the region has kept its distinct features and strengths.