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"During an economic recession or when the economy suffers external impacts, timely measures must be taken to stabilize the financial market and boost public confidence," Yi said.

"During the pause, workers can choose to use vacation days or stay home without pay," Internet media outlet Buzzfeed reported.

"Donald Trump has put California in his sights because we have a governor and statewide officials, all of whom are Democrats," said Sherry Bebitch Jeffe, a political analyst and former University of Southern California professor. "We have a legislature under the control of Democrats, who are all of them about 180 degrees opposite in terms of the major issues that concern Californians — opposite from Donald Trump. We are perceived as the fulcrum of the 'resistance' movement."

"Debt-to-equity programs work well for companies that are facing short-term obstacles but are expected to see profits in the future," said Xu Gao, chief economist with China Everbright Securities. "The key is to ensure the programs can be implemented using legal means and with high transparency."

"Digitalization will be a core factor to help drive a quality growth for China's industrial development. Chinese companies, such as Mino, has been actively engaged in development of digital business," said Wang Haibin, executive vice-president and general manager of Digital Factory Division, Siemens Ltd, China.