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As Zhou explained, private companies usually meet three major challenges: misjudging opportunity in the market, insufficient supply of talent and loose bonding between employees.

As a trailblazing example of institutional innovation needed at the Hainan free trade port, the new tax plan is key to cultivating a business environment for the country's high-level opening-up, said Li Xuhong, a professor at the Beijing National Accounting Institute.

As evidence of the many options, Outerwall, which operates the?Coinstar and Redbox businesses,?ended its Redbox Instant streaming venture with Verizon, which supplemented the DVD rental kiosk business with digital streaming subscriptions. It learned that its customers preferred to make a la carte purchases, rather than paying for another monthly fee.

As a series of significant events of China-Germany and China-EU political exchanges are now under discussion, China is willing to keep close communication and coordination with Germany and the EU to ensure the success of these events and lift China-Germany and China-EU relations to higher levels, he added.

As for the duration of the coronavirus, four researchers from universities in China – three from Xi'an Jiaotong-Liverpool University (XJTLU) and one from Southern University of Science and Technology in Shenzhen – predict the number of new, confirmed coronavirus cases in China will dwindle to almost nothing in under two weeks, according to a press release Monday.