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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.

Analysts predicted that central banks will continually add gold in the official reserves, given the uncertainties of China-US trade talks and gloomy global economic outlook.

An unmanned express delivery vehicle runs to a Cainiao Network Station in Xiongan New Area, North China's Hebei province on March 31, 2019. The unmanned express delivery vehicle, independently researched and developed by Cainiao Network, Alibaba's logistics arm, was recently put into service at Xiongan citizen service center. The new energy vehicle can convey about 200 small packages at one time from delivery station to intelligent cabinet. [Photo/Xinhua]

And experts say competition between the companies should bring benefits to customers.

Andrew Shawber. (LinkedIn Photo)