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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.

Analysts have called for security systems and industry standards to underpin the sustainable development of blockchain applications, as loopholes in the technology could bring about huge financial losses.

Ando said that Kono will be visiting Jordan, Kuwait, Saudi Arabia and Egypt during his Middle East route after Qatar.

Analysts said the major concern for the country is how it deals with its worst economic crisis in nearly two decades, and Fernandez's arrangements are seen as indicating a shift from the austerity policies adopted by Macri's government.

And education institutions in New Zealand, especially its capital, Wellington, are quickly responding to the industry, by upgrading and setting up new majors.