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"For example, in 2016, the Philippines ranked 99th in the ease of doing business index (compiled) by the World Bank, but the government is bent on meeting its target to be within the top 20 by 2020," he said.

"Futures rallied with China, which obviously has been down close to 30 percent this year, and there was news of government policy intervention that really wasn't for US markets to be up," said Mike O'Rourke, chief market strategist in JonesTrading in Greenwich, Connecticut.

"Gift boxes are available at each store at reasonable prices and quality guaranteed," he said.

"For the automotive sector, we are investing in cellular technologies and 5G deployment. That will be very important for the next few years," Paliwal said. And he promised to keep investing in the market as needed.

"For example, 'academician' is a globally recognized scholarly title, which can be kept. National level talent titles such as member of the '1,000 Talents' and 'Changjiang Scholars' can also be retained. But some titles granted by different ministries can be cut," he said.