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Brave Chan Yung, the association's acting executive chairman, said the festival aims to build a technology-friendly environment in Hong Kong, boost the city's science and technology development and provide a broad platform for Hong Kong youngsters.

Both the number of pigs slaughtered and total pork output in the year's first half dropped by about 20 percent year-on-year, though the rate of decrease compared to the first quarter is slowing, the bureau said.

Brent crude oil futures, the benchmark for world prices and a proxy for future economic activity, edged up 0.54 percent to .97 a barrel. But futures for West Texas Intermediate crude declined 10.82 percent to .72 a barrel, the lowest price since December 2001. At this price, many hydraulic frackers can't operate profitably.

Budgetary crisis

Branstad, 70, is the longest-serving governor in the United States. He has nurtured a close relationship with China and has visited China multiple times.