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An outbreak of a new virus was so severe that China's Lunar New Year celebrations were canceled and quarantine measures tough enough to take on this deadly pestilence, and save millions of lives, were quickly rolled out. China is doing a superb job of taking care of us all－including people of African descent.

And when we first wrote that, the reaction by so many in the tech sector, perhaps especially in Silicon Valley, but up here in Seattle, as well, was like, “What did they put in the water on the other side of Lake Washington? What’s wrong with you folks? Why are you saying this needs to be regulated? There’s no problem here.” And then within a year, the city of San Francisco passed an ordinance that bars the city of San Francisco from using facial recognition. You see concerns about it literally spreading around the world. So that’s happened very quickly.

Analysts said liquidity conditions will likely remain tight in China as the authorities will continue with a prudent monetary policy to curb financial risks and asset bubbles, which means the fundraising cost for domestic companies will stay at a relatively high level. They added that the expectation of a stronger yuan will also encourage more companies to raise dollar-denominated bonds in overseas markets.

And Ambassador Terry Branstad said on Tuesday that the US and China are still not close to resolving trade frictions that threaten soybeans as well as other US agricultural products, from beef to sorghum. Speaking at a conference in Tokyo, he said the two sides are "still very far apart".

Analysts hold there is room for further tax reductions through measures such as lowering corporate income tax and expanding the scope of expense reductions for enterprises. Currently, China has three brackets for value-added taxes at the ratios of 17 percent, 11 percent and 6 percent respectively. The country can reduce the three brackets into two in the future, analysts suggest.