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"Given that growth in the past decade or so was very much driven by debt-financed investment, deleveraging may lead to a sharp reduction in investment," Molnar said. "Therefore it is important to make sure that investment projects with a net present value obtain financing."

"For a galaxy this size, it should have 30 times as much dark matter as regular matter. What we found is that there is no dark matter at all."

"Hangzhou embraces new tech and welcomes new businesses, which is unique compared with other cities," said Gong Hongjia, an angel investor who has profited from previous investments in Hangzhou Hikvision Digital Technology Co, in an interview with local media.

"Great Wall Motor and BMW share a commitment to promote new energy vehicles. With the combined strength of both partners, our new joint venture will accelerate the uptake of electric vehicles," said Wei Jianjun, founder and chairman of Great Wall Motor.

"For China, the best strategy has long been centered on reforms. It will be important to avoid backtracking on existing reforms and repeating the mistakes of others," he added.