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"China is about 30 percent of the global market for semiconductors," Mike Russo, vice-president of SEMI, an advocacy group, told China Daily. "The industry as a whole and all nations involved benefit from access to markets. Companies re-invest profits in research and leverage new technology. Folks are jockeying for access — no one has sewn it up."

"Carrefour will be further isolated if they don't join Tencent," Yu said.

"China may increase the interest rates for open market operations following the possible US rate hike, but in a moderate way, a similar move as it took in December and March," said Yang, who also suggested a further cut in the cash that banks set aside as reserves when liquidity risk increases.

"CIFST is a great partner for us to work with for achieving our common mission and goals in China. Not only because it has a long-term commitment to food safety and health, but also because of its outstanding food science and technology network and resources. We look forward to collaborating with a number of excellent scholars, experts, and thought leaders through this partnership, and jointly contribute to public food safety and health education in China."

"Changes are coming so much faster these days than in the past. By the time you finish analyzing all the data you're given, it's too late to act," he said, adding that qualified leaders should be able to act in an environment of imperfect and incomplete information while quickly correcting the mistakes they have found in the decision-making process.