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And the outstanding value of China's yuan-denominated overseas bonds rose from 5 million in 2007 to .08 trillion in 2018, according to data from the Bank for International Settlements.

And the report highlighted China's progress in areas, including starting a business, dealing with construction permits, getting electricity, protecting minority investors, paying taxes, trading across borders, though dealing with construction permits in China still ranks at 121, with 20 procedures in order to obtain all permits and authorization to build a warehouse here, compared with an average of 15 procedures in East Asia and Pacific region.

An operation aimed at fighting organized and cross-borders crime simultaneously took place in Guangdong, Hong Kong and Macao special administrative regions on May 22 and 23.

And some of the tools of the game that have been imported from China popped up Tuesday on the Office of the US Trade Representative's 195 pages of 6,031 Chinese products that soon could be subject to 10 percent tariffs:

Analysts said the moves are in line with Xi Jinping thought on socialist economy with Chinese characteristics, which upholds the market's decisive role in resource allocation and calls for better performance from the government in its role.