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"Ever since I was a kid, my family's wooden boat had to be repaired every couple of years, so I learned quite a few things about the job," Wang said.

"Fed gears up for rate cut in July. The mood within the Fed has clearly shifted. But, they prefer to keep their powder dry for the moment. Risks are now to the downside," Diane Swonk, chief economist at Grant Thornton LLP, tweeted Wednesday.

"Delivering cost-effective products has been an important ingredient of Xiaomi's success, but it could be somewhat a hurdle to the company's future development," Lei said at the launch event in Beijing.

"During the crisis, there has been growing talk of de-globalization, decoupling and protectionism. The continuation of the investment treaty talks demonstrates that China and EU are strong advocates for openness and cooperation," he said.

"Even if the Hong Kong government taps its huge financial reserves for up to two years, it will not derail the city's economic growth prospects," said Jack Siu, senior Asia-Pacific investment strategist at Credit Suisse. "We are not worried about Hong Kong recording a budget deficit."