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And given the global economic recession as a result of the COVID-19 pandemic and the mounting uncertainty in the international landscape, analysts said innovative development of the special economic zones could play a bigger role in accelerating the formation of the new development pattern with the domestic market as the mainstay and the domestic and international markets complementing each other.

Analysts say heavy import tariff cut to boost premium car sales

And if the clinics do take that approach, it would be an experiment on cost at a huge scale. Ryan Schmid, the CEO of Vera Whole Health, told GeekWire in a previous interview that the company’s clients are able to reduce their overall healthcare costs by 25 percent by establishing a Vera Whole Health clinic in their corporate campuses.

An ordinary Beijing taxpayer with a pre-tax income of 20,000 yuan, who is an only child, has one kid who goes to school and parents who are above 60, rents a home and studies for a master's degree on the job, can enjoy four special deductions starting from next year.

Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations with China."These steps individually and together help to reduce global trade policy uncertainty, something markets have been craving for months," Karolyi told China Daily."It is more than just symbolic, as lower trade policy uncertainty likely means more trade flows and greater cross-border portfolio and corporate investment flows, all of which stimulates more economic growth," he said.