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The main reason China invests in the US is to acquire technology and distribution channels, while the objective of US investment in China is to access China's vast domestic market and burgeoning middle class. None of those situations will be affected by the tax changes, Overholt said.

The major strategic decisions are made based on an accurate estimation of the country's current development level, in order to elevate opening-up in the new era to a higher level, Gao said.

The line will also connect with the Zhangjiakou-Hohhot high-speed railway, cutting travel time from Hohhot, Inner Mongolia autonomous region, to Beijing to three hours, down from nine.

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The leading provinces and municipalities are Guangdong, Shanghai, Beijing, Jiangsu and Zhejiang, each with over 100,000 HNWIs, but inland provinces such as Sichuan and Hubei are picking up.

The lawsuit also notes that the “economic harm caused by Defendants’ digital piracy has been compounded during the COVID-19 pandemic — when readers are quarantined to their homes and increasingly reliant on ebooks.”

The logo of MioTech is seen in this file photo. [Photo/miotech.com]

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The many indicators moving in the right direction also include the contribution of consumption to China's economic growth exceeding the contribution of investment, and the fact that the service sector accounts for more than half of the gross domestic product.

The machines can be put in a pocket and connected to the internet with a cellphone SIM card or wireless network. The product developed by iFly Tek, now a global leading company in voice-recognition technology, was released earlier this year.

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The long history of London's financial industry, and the complete financial system there, have made the UK capital a magnet that attracts the best financial talent. This is one area where Shanghai should make more investment, experts said.

The maiden flight will be on Dec 12, the airline announced Monday.