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And Xu is optimistic about the future, saying there is no doubt about the upward trend in the decade to come.

An operator shows a visitor how to use the smart laboratory developed by Nikyang Enterprise Ltd at its booth during the 2019 Beijing Conference and Exhibition on Instrumental Analysis. [Photo by Zheng Yiran / China Daily]

Anbang had been one of China's most aggressive overseas buyers before authorities began to curb risky outbound acquisitions. It also has equity investment in many listed Chinese firms.

And I believe with Ring we were really able to deliver that benefit, and that’s why we rose above not only potential competitors at the time, but really the overall peer group of hardware companies.

Angelo Giuliano, a Swiss financial consultant who has been living in Hong Kong for three years, said enacting a national security law in Hong Kong is urgently needed to avoid a potential "color revolution" and chaos in the city.