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Analysts say these changes conform to the objectives of the tax reform which are to facilitate social justice and increase the growing vitality of the Chinese economy.

Analyst says the incidents are fallout from aggressive election campaigns

Angel Yeast employees work at a production facility in Lipetsk Oblast in Russia. [Photo/Xinhua]

And there is good reason for optimism. The previous meeting between Xi and Modi took place in the southeastern Chinese city of Xiamen last September after the ninth BRICS summit, and it produced an end to the tense border standoff that had been souring relations for months.

And the fight is coming to the overseas markets where the company said it is confident of competing with Uber. It is stepping on the accelerator of global expansion, chiefly by partnering with a number of ride-hailing companies in foreign countries.