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Recent years have seen intensified efforts in delivering tax incentives to VC firms. This year, the corporate income tax brackets were further expanded, and the threshold of annual taxable income for the highest marginal tax rate of 35 percent was raised from 100,000 yuan (,520) to 500,000 yuan.

Ramon Llamas, research director at market intelligence provider IDC, was quoted by CNN as saying: "We've been looking at iterations of variations of a theme we've seen already. We've seen big phones, great cameras and awesome processors. So where do we go next?

Razor wire is seen on the Metropolitan Detention Center prison on July 14, 2019 in Los Angeles, California. [Photo/IC]

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Quoting its sources in foreign ministry, the broadcaster said it shows India's commitment to the corridor.

ROK's chief delegate Cho Myoung-gyon shaking hands with his DPRK counterpart Ri Son-gwon before holding high-level talks on June 1, 2018. [Photo/Agencies]

ROK supports the Belt and Road Initiative and is willing to actively participate in its implementation, he said, while calling for concerted efforts to resume bilateral high-level exchanges and cooperation in various fields as soon as possible.

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Real estate regulation has not only an impact on investment and tax, but also on the construction industry, tourism and consumption. The growth rate of some economic indicators such as Hainan's GDP this year was estimated to fail to meet the target set at the beginning of the year, said the governor.

Regarding the APEC meetings, which are now under way in Port Moresby, the capital of Papua New Guinea, Drysdale said, "The timing couldn't be better to have this conversation among APEC leaders."