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At the same time, the plan would cut the corporate income tax rate to 15 percent from 35 percent, and it would also impose a one-time tax on overseas profits of US companies, US Treasury Secretary Steven Mnuchin said at the same press briefing.

At present, Nexans' production and operation in China has fully returned to normal. It will continue to increase investment in the country, as well as introduce advanced production lines, and integrate and reorganize advantageous assets and technologies, said Hueber. It will also enhance its supply chain's industrial value in both China and the rest of the world.

At present, most of the patents owned by small and medium-sized enterprises in Hainan were not put into efficient use, and companies were facing difficulties such as shortage of funds, lack of adequate financing channels and insufficient transformation of intangible assets into profits.

At present, there are a huge number of delivery drivers working for logistics companies in Beijing. But many haven't signed labor contracts with those companies' platforms. If they are injured on the job, it's hard for them to get their medical treatment expenses covered.

At the same time, the world economy has been adjusted thoroughly, with protectionism and unilateralism rising affecting economic globalization, while multilateralism and the free trade system are being challenged, and the overall development of the world economy is faced with many risks and uncertainties. However, economic globalization is an irreversible trend, and globalization is bound to move forward and provide strong impetus for the development of the world economy. So, to face the new situation and new challenges, the only right choice is to cooperate hand in hand for win-win solutions.