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China and ASEAN will have more cooperation opportunities in e-commerce with the help of the Belt and Road Initiative, he says.

China also has to help develop strong think tanks, because they play an important role in inter-governmental exchanges and communication owing to their greater foresight. The success of the Tokyo Bay area's development indicates China's advanced manufacturing industries should shift to the great bay area to have easier access to global markets and enjoy better industrial interaction.

China accelerated individual tax reform in October, when new tax brackets were introduced. The minimum threshold for individual income tax was raised from 3,500 yuan (9) to 5,000 yuan per month.

China and Kazakhstan are each other's important neighbors, and bilateral ties are developing at a high level, Geng said.

China Daily launched a global edition on Jan 2, presenting an incisive, panoramic picture of China.