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As domestic demand for electricity soars in China, and the country accelerates its shift to renewable energy, nuclear power will be one of the highest-priority projects. China currently operates 36 nuclear reactors, and is in the process of building 20 new ones, according to an official with the Ministry of Environmental Protection. By the end of 2020, China aims to have 58 million kilowatts of nuclear power capacity in operation and more than 30 million kW under construction, ranking second in the world for number of installed units.

As a major move in tax reductions, China expanded VAT to the whole economy in May 2016 to lower corporate burdens, with all other business taxes abolished.

As an independent and self-reliant country, Serbia opposes the act of interfering in the internal affairs of a sovereign state, Vucic said.

As a national leader in opening-up and innovation, the Shanghai FTZ has attracted many of the world's top innovators and investors.

As a result, hundreds of the homes were demolished in recent weeks and landscape restoration work is ongoing, according to the city government.