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As simple as it sounds, it is never easy to prepare a picnic.

As there seems to be both huge potential to unleash and mounting challenges to face, the drastic contrast between prediction and reality has sparked the curiosity of participants in a panel discussion themed "China Outbound Investment: A New Playbook?"

As the new threshold of personal income tax, raised from 3,500 to 5,000 yuan per month, is set to take effect on Oct 1, the State Council said on Thursday it will also hurry to set a clear scope and standards for six special expense deductions to ensure the threshold is significantly higher than 5,000 yuan, according to a report by China Business News.

As the first non-Asian news anchor on Chinese television, Edwin Maher's face is known to millions. Through him, viewers at home and abroad have learned of the profound changes taking place across China.

As reported by Bloomberg on Tuesday afternoon, two of China’s three of telecommunication giants, namely China Unicom and China Telecom, are planning to merge to speed up 5G service development. However, the plan has not been finalized, and the possibility of cancellation still remains, unnamed insiders revealed.