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Among the leading candidates is a vaccine being developed by Chinese biopharmaceutical company Sinovac Biotech, which is now in the final stages of testing.

Among the newly added sci-tech professionals from 2016 to 2017, it was observed that the higher the educational level, the greater the proportion of women. In particular, women accounted for more than 50 percent at the postgraduate level, the report added.

Amid the churn, there have also been some welcome instances of big companies lending a helping hand to the small and mediumsized firms. Hong Kong-based Centaline Group, a leading Chinese property agency, has set up Yuancui Information Technology, a platform that helps small and medium-sized property agencies to leverage on its extensive resources for further business development.

Among retailers, 37 percent currently are satisfied with their online sales in China using a global e-commerce vendor; 31 percent are satisfied with their standalone online store; and 21 percent are content with sales through online marketplaces, such as those owned by Alibaba (Tmall) and JD.

Among the severest violations was in Shanghai, where inspectors discovered local authorities had failed to meet a target to halt all illegal construction and close illegal factories by the end of last year.