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As the traditional KTV industry has slowed down from its fast expansion in previous years, mini KTVs and mobile online KTVs are gaining popularity quickly as they are convenient to use, connect with the internet and cost less.

As the largest developing country, China firmly upholds multilateralism, supports the Paris Agreement, actively undertakes international responsibilities in accordance with its own development stage and conditions, and adopts practical policies and actions to address climate change, he said.

As the cases of global M&A rise, the MOC has been actively cooperating with international law enforcement agencies, and signed a memorandum of understanding on antitrust cooperation with the market regulator in the United Kingdom.

As the COVID-19 epidemic tapers off in the country, the property industry is gradually warming up, said the report.

As per the report, current high uncertainty, low interest rate and soaring gold price might continue spurring investment demand of gold. "We are still at the early stage of a gold cycle," Wang Lixin, managing director of the World Gold Council in China, said.