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The free trade zone is also expected to create jobs, facilitate technology transfer, and boost free movements of businesses and investment. No wonder the International Monetary Fund, in a May report, has described the AfCFTA as a potential "economic game changer" for Africa.

The government has proposed a reduction of over 1.1 trillion yuan in 2018, exceeding the 2017 figure, cutting taxes on businesses and individuals by more than 800 billion yuan (6 billion) while lightening the non-tax burden on market entities by over 300 billion yuan.

The foundation, established in 1997, has helped more than 197,700 people in 28 Chinese provinces and autonomous regions, and has built 80 Lifeline Express eye centers nationwide. 

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The government could reduce taxes or offer subsidies for families to help cover the costs for raising multiple children, Liang suggested.

The government will provide 2.43 million euros (.86 million) over three years so that LiangDao can create 50 new R&D positions to boost local business and economic development.

The founder and CEO of Sinovation Ventures, a venture capital firm that specializes in creating successful Chinese start-ups, made the remarks recently to CNBC TV on the sidelines of the Davos forum.

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The frequent appearance of the wild asses showed that the environment and vegetation in this region had been better. Local residents' awareness of protecting wild animals and effective actions of local forestry police had also helped the return of the endangered creatures, he added.

The gas from underground storage facilities reached 9.3 billion cubic meters last year, compared to a record 7.4 billion cubic meters during the winter's severe supply squeeze in 2017 and an average of 4-6 billion cubic meters during the previous few winters. However, it only contributed 3.5 percent of the country's total gas consumption last year, far lower than the world average of 12 percent and 20 percent for top consuming nations such as the United States and Russia, according to figures from Reuters.

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The fresh move came after US short-sellers including Citron and Muddy Waters called on the company over revenue and other financial problems. GSX denied all the allegations as false and ungrounded.

The foundry is incapable of producing the most advanced chips in Huawei's Kirin mobile chipsets, however, and still relies on equipment from US companies who may also cease servicing Huawei as the restrictions take effect.