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"By 2020, China's mobile gaming sector will evolve from an upstart emerging market to mature market."

"China is about three to four years ahead of developed economies including the United States and Europe in terms of intelligent projectors, giving us much confidence to develop abroad," he said.

"Central banks can act quickly to help ease the tightening of financial conditions by injecting liquidity and cutting interest rates, thus preventing a possible credit crunch," said Tobias Adrian, an official at the International Monetary Fund. "In fact, markets have been anticipating aggressive easing by central banks, as reflected in the sharp fall in sovereign bond yields in many countries around the world.

"China is incredibly important and becoming increasingly more important every day (for us). Our Chinese business is very Chinese, as it is led and run by Chinese people, and populated by Chinese people," said Abbosh, adding he is bullish on the prospects of the company's business in China.

"Carl Wieman's appointment is not only because he is a physics Nobel laureate but also because he has carried out many innovations and brought many changes in education," said Chen Ningyu, general manager of Xueersi Online School.