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But, he added, the impact of automation and AI is not always clear cut. New manufacturing technologies may also create value even for low-paid and low-skill workers in the informal economy.

But tensions have mounted in terms of global economic and trade relations in a year's time, which have been aggravated by the COVID-19 pandemic, said Zhao Xiaolei, director of the FTZ research institute at the Shanghai University of Finance and Economics.

But tech groups are concerned that government regulations would make innovation more difficult, especially for younger, small startups that are less well funded.

By 2035, the free trade port system and operations in Hainan will be more mature, and high-level process supervision will be constructed to achieve free trade and investment facilities, free cross-border capital flows, free and convenient transportation and access for people, and safe and orderly flow of data.

But women travelers may face higher security risks, especially in overseas trips, the report added. Ctrip launched four new services: Global travel SOS, local guides, travel companions and insurance to help reduce travel risks.