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"China is now the second-largest market of Emerson," said Hakan Erdamar, president of Emerson commercial and residential solutions in Asia, Middle East and Africa. He said the planned research center will become a vital part of the company's strategy of "in China, for China".

"Buyers are basically paying for a power battery, as the battery in an electric car is so expensive that it makes up about half of the production cost," he said in an earlier interview.

"Buying properties overseas is popular among China's rich. The trend will continue as more and more HNWIs realize the importance of having a balanced global asset portfolio," said Zhou Yu, director of Savills China's international residential sales.

"China must and will be unified. This historical trend is unstoppable by anyone and any force."

"Catering enterprises generally don't have much assets in stock－to reserve cash for two-and-a-half months at maximum. That's why continuous revenue plays an important role," he said, adding how long before circumstances improve would determine the survival of many companies in the sector, especially small- and medium-sized firms.