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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.

And on Thursday, the Financial Stability and Development Committee, the country's Cabinet-level financial regulatory body and part of the State Council, China's Cabinet, stressed several priorities: balance the relationship between stabilizing growth and preventing risks; enhance counter-cyclical adjustments; further reform the capital market as well as small and medium banks; ensure healthy development of the private fund industry; achieve financial inclusion and fair competition; encourage commercial banks, especially small and medium ones, to increase capital through multiple channels; improve the long-term mechanism to prevent, resolve and dispose of financial risks, so as to stabilize the financial system and sustain the economic and social stability.

And the main topic is soybeans. Iowa is the nation’s second-largest producer of the crop. China buys about 40 percent of the US soybean crop. The percentage is even higher in Iowa — possibly 60 percent or more.

And they are among 800,000 federal workers scheduled to miss their first paychecks in coming days, including most of the Secret Service agency that guards President Donald Trump and other US officials.

Analysts on Tuesday said the new rules will make the stock market more stable and sustainable in the long term, besides strengthening investor sentiment.