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Another tax reform measure in the works is the higher personal income tax threshold, which was confirmed by Shi at the news conference. The current threshold is set at 3,500 yuan (3).

Another major training drill is learning to march with legs extended in a goose step. To make sure the formation is in perfect unison, each step has to be 75 cm long and 30 cm above the ground. The steps are measured by instructors to ensure they are precise, and the exercise is repeated daily until muscle memory is formed.

Apart from contract factories, the rest of Apple's suppliers that sell it chips, glass, aluminum casings, cables, circuit boards and much more, also became more concentrated in China, the report said. Among all supplier locations, 44.9 percent were in China in 2015, while the figure rose to 47.6 percent by 2019, the data showed.

Another model for development is the China-Egypt TEDA Suez Economic and Trade Cooperation Zone, which is located in a desert 50 kilometers south of the seaport city Suez and 120 kilometers east of Egypt's capital Cairo.

Another two commercial banks listed on the main board also encountered a similar situation last month.