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Tang added that to ensure implementing the tax and fee reduction policy more thoroughly, the government needs to bolster support for enterprises that create more jobs and focus on innovation, such as small-scale businesses.

Talking about China-Cambodia ties, Matthews said the relations should be a "role model" for other countries, saying that although China is a big country, it treats Cambodia, a small country, as an equal.

Taking stakes in oil infrastructure is part of Sinopec's ambition to expand its global trading profile. Sinopec already owns part of a Saudi refinery at the Red Sea, although a recent attempt to buy a Chevron refinery in South Africa's Cape Town was thwarted by Glencore.

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Taylor Swift [Photo provided to China Daily]

Tao Wenzhao, a professor of politics at Renmin University of China, said these national conditions are the starting points for policymaking, keeping decision-makers clearheaded and preventing China's drifting from its path.

Take Tianjin as an example. The northern port city is fast emerging as a destination of choice for overseas and domestic businesses thanks to its tech advancement and industrial upgrade, and is growing to be a pivot in the strategic development of the Beijing-Tianjin-Hebei region.

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Tech giants haven't been the only ones to see the potential of Shenzhen, with thousands of enterprises taking advantage of progressive policies

Tang said Bolsonaro’s supporters consider him “the man who can sweep away political corruption and rescue Brazil from its sluggish economy”. However, Tang said whether Bolsonaro’s liberal economic policies can revitalize the Brazilian economy remains to be tested by time and practice.

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Target’s one-day sale on July 17 “blew away” company expectations, executives said during a call with investors Wednesday, and powered the biggest online traffic spike in the company’s history in the second quarter. The event happened to be on the same day as Amazon Prime Day, the tech giant’s 36-hour summer sales extravaganza.

Tech recruitment site Hired released a ranking of inspiring figures in the tech industry, with Tesla's Elon Musk taking the top spot followed by Amazon's Jeff Bezos and Microsoft's Satya Nadella.