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Previously, these companies could legally defer paying taxes on profits earned in other parts of the world at a rate of 35 percent, as long as those profits stay overseas. But now, they only need to pay a onetime transition tax on previously deferred repatriation of foreign earnings at discounted rates of 15.5 percent for liquid assets and 8 percent for illiquid assets.

Programs to promote employment and the greening of deserts in the region have bolstered rural incomes. Official figures show Xinjiang's per capita disposable income grew by an average of 9.1 percent a year from 2014 to 2019.

Primary school students who took part in a summer camp in Suzhou, Jiangsu province. [Photo provided to China Daily]

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Professor Wong Yuk-shan, president of the Open University of Hong Kong, said the joint statement sent a positive message to the community.

Proactive fiscal policy and prudent monetary policy, both major macroeconomic policies, will pave a solid foundation for China's economic restructuring and deepening supply-side reform next year, said Zhao Xijun from Renmin University of China.

Previously, Wang Xing, a professor from Nankai University who focuses on social work and social policy, said in an interview with China Daily that the domestic services industry requires lower working skills and is much easier for people to enter.

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President Xi Jinping welcomes Gambian President Adama Barrow at the Great Hall of the People in Beijing on Thursday. WU ZHIYI/CHINA DAILY

Priced from 2,998 yuan (1), the new device is hailed by Vivo as a milestone product, which marks the company's latest push to bring advanced technologies to the mass market.

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Prior to Trump's visit, Wisconsin Governor Tony Evers and Kenosha Mayor John Antaramian, both Democrats, urged the president not to come to the city, warning that Trump's trip would stoke divisions and amplify tensions in the already damaged city.

Products are displayed in a Lenovo store in Shanghai, Dec 27, 2018. [Photo/IC]