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Indeed, 2022 has already brought changes to the local economies of host cities.

Industry insiders had expressed concern that the government's focus on containing systemic risks and reducing capital outflows would slow the pace of reforms.

Income tax shall be levied at a reduced rate of 15 percent within five years from establishment for qualified enterprises engaged in manufacturing and R&D in key fields including integrated circuits, artificial intelligence, biomedicine and civil aviation, says the plan.

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Industry experts aver that the sector badly needs firm policy support. On the one hand, existing policies should be better implemented; on the other, the government should offer more support to stimulate the market demand, diversifying tourism and accommodation services, innovating service forms, and enhancing cooperation between the government and enterprises, said the report.

Increasing market vitality

In the week ending July 27, the number of people filing for US unemployment benefits increased by 8,000 to 215,000. Meanwhile, the previous week's level was revised up by 1,000 from 206,000 to 207,000.

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Industrial development progressing steadily despite downside pressures

Increased international exchanges and cooperation are required to improve food safety, according to senior officials at the eighth Belt and Road Eco-Agriculture and Food Safety Forum in Beijing on Thursday.

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Infrastructure investments paid by the government will lead to a large number of orders for relevant companies, especially privately held small and medium-sized enterprises. As their output increases, corporate leverage will decline correspondingly.

In-office perks can provide a recruiting edge and boost employee morale, but not every company can afford to foot the bill. Microsoft and Amazon vet Sandeep Phadke saw that problem as an opportunity.