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Analysts said home price declines are not surprising in cities which experienced fast price growth in recent years. Rising lending costs, declining yields from rentals, and stricter home purchase regulations are driving hot money away from the residential property market in these cities.

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

Analysts said local investors are displaying growing enthusiasm for chip companies, as the importance of a globally competitive semiconductor industry is highlighted amid the US government's efforts to contain the rise of Chinese technology enterprises.

And if he could discuss the trade dispute with Xi, Kimberly said he would say that he hopes China and the US can work it out. "We know that is what's best for both China and the US. It's a great relationship and we just want that to continue," he added.

And finally, the piece offers new clarity on Bezos’ political and philosophical leanings, describing them as a mix of “social liberalism” (reflected in areas such as his support of gay marriage and his philanthropic focus on climate, education and homelessness) and “economic views that stress individual liberty.”