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As the most significant tax overhaul for two decades, VAT is replacing business tax which has been in place for 60 years, streamlining procedure, and avoiding repetitive taxing. It was piloted in Shanghai in 2012 and expanded nationwide in May 2016.

As such, other signatories to the Iran nuclear deal should try to strengthen negotiation and cooperation to opposethe US sanctions and help lessen the harm caused to Iranbecause of the US sanctions, and protect trade and other economic relations with Iran. They should also make efforts to help the US and Iran to hold talks. For if Iran quits the deal, it might resume its nuclear projects, which will increase the chances of confrontation in the Middle East and hamper regional peace.

As the donations from the US continue to rise, "I think we all realize potentially this outbreak is not limited to Wuhan, Hubei or China," said Craig Allen, president of the US-China Business Council, a private, nonpartisan, nonprofit organization in Washington representing more than 200 American companies doing business with China.

As the two payment giants raise the stake in their battle for bigger overseas market shares, Hong Kong has naturally become the "first stop" to localize their payment apps, which secure a combined 94 percent overseas mobile payment market share of the world's second-largest economy.

As unforeseen problems pop up, major gaming companies are adjusting strategies to better cater to the young generation. For example, not all teenagers can balance school life and games. Some even get addicted to them.