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Liu Yi, a professor at the School of Economics in Peking University, said: "A wave of tax reduction competition is likely to emerge among the world's major economies over the long term if the US president can finally sign the bill. Governments' expenditures on welfare could be reduced, and that may drag down the level living standards of social livelihood."

Lin-gang Special Area, a newly added part of the China (Shanghai) Pilot Free Trade Zone, was officially launched on Tuesday, with many expecting the area to become a new driver for China's deepened opening-up.

Liu said "Cloud Sword" has contributed to the continued stability of the overall social security situation. From January to November this year, the number of criminal cases filed nationwide dropped by 3.9 percent and the number of serious violent crimes dropped by 10.4 percent.

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Liu Chuanzhi, founder of Lenovo Group, said that as technological competition will determine the fate of companies, Chinese companies should learn from past experiences and increase investment in artificial intelligence, so as not to lose out.

Liu said the company is responsible for the installation and maintenance of the smart piles, while users need to buy cables that may be priced at hundreds of yuan.

Listed firms should submit a list of names with knowledge of the M&A deals once they file the initial plans with the stock exchanges. They should update the list when there are major changes to the deals or new information such as valuation and proposed pricing, the China Securities Regulatory Commission (CSRC) said on its website Monday.

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Lin said he hopes to live in Pinghu a while in retirement.

Liu became quite confident in the emerging sector and later launched his own stargazing project. Under the stars, Liu would explain about the constellations, and each tourist would have time to share their own stories about the stars.

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Liu said Southeast Asian internet users spend up to four hours everyday on their mobile phones.

Little Pebble sits in a Buddha-like pose. [Photo by Ma Xiaoma/Provided to chinadaily.com.cn]