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And thirdly, social engagement, such as travel, going to shows and concerts and socializing with family and friends.

An ordinary Beijing taxpayer with a pre-tax income of 20,000 yuan, who is an only child, has one kid who goes to school and parents who are above 60, rents a home and studies for a master's degree on the job, can enjoy four special deductions starting from next year.

An said the forum was very successful despite the Democratic Progressive Party administration's attempts to obstruct it. More than 10,000 people from Taiwan participated, setting a record, he added.

And then of course there’s that little thing known as HQ2. Amazon plans to hire 25,000 people to staff its second North American headquarters in Northern Virginia, but that’s a long way out. Amazon began HQ2 hiring in April, and the company plans to grow the team to 400 by the end of the year.

Analysts say SpaceX and European aerospace manufacturer Arianespace have effectively created a duopoly in the satellite-related space business. But that might change sooner or later as Chinese companies are expected to pose a challenge.