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Taking a cue from last year's experience, the regulators and energy companies started to prepare for this winter as early as April, when the previous heating season had just ended, she added.

Tariffs have been cut four times on imported consumer goods since 2015, with taxes on 152 categories of products lowered by an average of 50 percent.

Take dynasticism. The poor performance of the Congress party under Rahul Gandhi, scion of India's most famous political dynasty, has got the tongue of even the most ardent follower of the Congress party wagging. India's oldest party has for decades been in a state of decline. In 2004, it unexpectedly sprang back to life. But Modi's successful bid for power in 2014 sent it back to the wilderness.

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Taiwan-invested businesses have exceeded 28,000 in Guangdong province and 100,000 in the mainland, said Zhang Shihong, chief of the Economic Services Bureau of the Taiwan Affairs Office of the State Council.

Tailors shape jackets at a factory in Jiaxing, Zhejiang province. [Photo/Agencies]

Talking about challenges facing the global economy and trade, Azevedo noted "uncertainty" is "the big factor" influencing forecasts for trade growth by organizations such as the WTO, the World Bank, and the International Monetary Fund.

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Talks are at a preliminary stage and there is no guarantee the subsidies will be extended, the people said.

Tang Ling, senior vice president of Lakala Payment Co, a third-party payment service provider established in 2005 in Beijing, said Xi's speech is a milestone in the development of the private economy.

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Talks between President Xi Jinping and his US counterpart Donald Trump this week have raised hopes for further two-way liberalization of the financial markets and strengthened coordination of monetary and financial policies between Beijing and Washington, analysts said.

Targeting greater efforts to improve the private economy and create a positive environment for entrepreneurs to develop businesses as a major task of Chinese government this year was applauded by legislators.