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Analysts hold there is room for further tax reductions through measures such as lowering corporate income tax and expanding the scope of expense reductions for enterprises. Currently, China has three brackets for value-added taxes at the ratios of 17 percent, 11 percent and 6 percent respectively. The country can reduce the three brackets into two in the future, analysts suggest.

Angelo Bonati, CEO of Officine Panerai, an Italian premium watchmaker, once jokingly said, "In today's global watch market, not paying attention to the Chinese market is like a blind man walking."

Analysts say ritual offerings to Yasukuni on Aug 15 each year and during its spring and autumn festivals may be Abe's approach to walking a tightrope: He wants to please his conservative voters and he can't displease Japan's Asian neighbors that suffered under Japan's wartime atrocities.

And since Uber's board members, including Kalanick, agreed to offer him the job as CEO, he could have backing if he butts heads with those resentful the founder was pressured to step down.

An online global conference was also held during the competition. Under the theme She Techs Change, the conference showcased how women in technology and leadership are shaping the emergence of a new paradigm in a post COVID-19 world.