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As Leung explained, equipment manufacturing as well as research and development are included in the Made in China 2025 strategy. These companies usually invest heavily in their early days in machines, plants and all other related facilities. It will take a long time before they finally register sales and profits. With the new policy, the VAT can be retained, which means that companies can enjoy a tax rebate when they eventually report sales results. It can largely secure their cash flow and relieve this tax burden.

As Nur Afia's skills improved, she begin earning her own money stitching together pillowcases and patching up torn clothes for the family's neighbors and relatives.

Around 10,000 people in the UK and 700,000 worldwide are affected by the disease.

Apple's interest is not just in mobile payments. Last year, it made an investment of billion in Chinese on-demand taxi provider Didi Chuxing. This spring, Apple CEO Tim Cook visited bike-sharing startup Ofo during his China tour.

Around a third of companies surveyed by the German branch of the management consultancy indicated that they had already cut back investments as a result of Brexit. The majority of companies reported that they would suffer severe damage in the event of a so-called hard Brexit which would see the United Kingdom leave both the EU single market and the customs union.