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"Have been seeing visuals from West Bengal on the devastation caused by cyclone Amphan. In this challenging hour, the entire nation stands in solidarity with West Bengal. Praying for the well-being of the people of the state. Efforts are on to ensure normalcy," Modi said in a brief statement posted on social media.

"Following extensive and fruitful work, we are entering into a partnership with the Gao family and I am excited about what we will achieve together," she said. "Today is the start of a new and exciting chapter for our club. Mr Jisheng Gao and his daughter, Mrs Nelly Gao, with whom I have built a close relationship, share our values and ambitions. As a team, we will strive to build upon the strong foundation that is in place toward sustain-able long-term success."

"Having a foreign country run the railway is a 'pathway' to injecting professionalism from an experienced player and in the long run facilitating knowledge (skills) transfer to the local people," he said.

"Foxconn hopes to reduce costs and grow its market share in the US by launching the LCD panel plant. Moreover, US President Trump's claim to revitalize manufacturing, as well as preferential policies and subsidies from the state of Wisconsin have attracted Foxconn to produce LCD panels to satisfy local demand," said Zhang Yanbin, assistant director of Beijing-based consultancy All View Cloud.

"From a global perspective, cutting individual income tax is an effective measure to implement proactive fiscal policy. It can raise disposable income, with the objective of boosting consumption and increasing aggregate demand," said Liu Yi, a professor at Peking University's School of Economics.