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Another big move last year was the revision of the individual income tax law and the debut of special individual income tax deductions. All these measures took effect on Jan 1. In the reform of the individual income tax - one of three major contributors to China's treasury, along with value-added taxes and enterprise income taxes - the tax brackets and threshold were raised, effectively giving everyone a tax break, and lifting millions out of paying any income tax altogether.

Anti-graft work must adhere to Party leadership; rules enhanced

Another source of concern over tech innovation is the fluctuation of cryptocurrencies.

Another factor that may have influenced her to head to Beijing is the increasing popularity of TCM worldwide, because of rising demand for its doctors as well as its medications. This in turn is being influenced by the increasing importance of China's Belt and Road Initiative.

Another function is the "merchant circle", which bundles together traders whose businesses are near one another. After a purchase is made at one shop, a user will receive vouchers for other nearby outlets to encourage continued spending.