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As Leung explained, equipment manufacturing as well as research and development are included in the Made in China 2025 strategy. These companies usually invest heavily in their early days in machines, plants and all other related facilities. It will take a long time before they finally register sales and profits. With the new policy, the VAT can be retained, which means that companies can enjoy a tax rebate when they eventually report sales results. It can largely secure their cash flow and relieve this tax burden.

Ardern's empathy with the country's Muslims touched every New Zealander, he said.

As China ushers in 5G this year, experts and industry insiders said that the virtual reality industry will embrace the new era.

As COVID-19 rampages across the globe, Chinese scientists have opposed some United States politicians hijacking vital collaborative scientific undertakings－such as finding the origin of the virus－to rekindle xenophobia and stigmatization against China and its people.

As China curbs the use of diesel in its battle against air pollution, demand for natural gas powered trucks will continue to rise, especially in the logistics, postal services and public transportation sectors, according to industry experts.