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"China has mastered the core technologies of commercial maglev trains, and has established a comprehensive system ranging from technical research and manufacturing to commercial operations," said Liu Youmei, an academician of the Chinese Academy of Engineering.

"By virtue of the Belt and Road Initiative, TCL has accelerated its globalization in European countries through establishing factories and cooperating with local partners to gain more market share in Europe," said Liang Zhenpeng, a consumer electronics analyst.

"But the 0 billion valuation is undoubtedly too high even by the standards of Chinese companies' high price-to-earnings ratio. Xiaomi's market performance can by no means support that," Shen said. "Something between to 0 billion is more likely."

"China can properly handle the relationship between preventing financial risks and stabilizing economic growth, as long as we take firm, controllable, orderly and moderate steps in dealing with financial risks," said Chen, who is also deputy director of the 13th CPPCC National Committee's economic committee.

"China has also been transparent in admitting the initial inadequacies of the reporting system. Compared with SARS, there has been a far more open discussion of the ramifications of this terrible outbreak," said Roach.