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"Foreign managers bring a unique set of experience and skill to the Chinese asset management industry, particularly in areas such as quantitative investment. Having a wider set of local and foreign managers managing different strategies in China increases the choice available to investors and, most importantly, it allows investors to diversify their investments," Steel said.

"Financial stability is a precondition to keep prices stable during the transition period," said Ren.

"Guan was an orphan before 1937 and had no siblings. Five years ago, his wife died at age 84," Liu said.

"Ford is not behind on the technology," Sherif Marakby, the head of the company's electric vehicle program, said in an interview. "What's important is that this team makes sure to create a viable and profitable business. Our absolute goal is profitability."

"Foxconn may encounter some difficulties in the chip design field, and the easiest method is to acquire some semiconductor companies," said James Yan, research director at Counterpoint Technology Market Research, adding that the company's bargaining power will obviously increase if it successfully enters the semiconductor design and manufacturing sector.