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"By the end of last year, total assets of central SOEs amounted to 54.5 trillion yuan (.23 trillion), and their average debt ratio was 66.3 percent, down 0.4 percent on a yearly basis," he said.

"China is the most important country for our mission. It consumes 28 percent of the meat in the world," added Brown, a former geneticist and biochemistry professor at Stanford University who calls the animal-based agriculture "the most important and urgent problem" on earth to fight climate change.

"China has managed to dramatically cut poverty levels in a short period of time than any other country in the world in human history," the former president of the African Development Bank said on the sidelines of the annual Ibrahim Governance Weekend.

"California's doing its part,'' Governor Gavin Newsom told reporters when he visited the Gilroy shooting victims at the Santa Clara Valley Medical Center on Monday. "But the folks in the White House have been supporting the kinds of policies that roll back the work that we're doing in states like ours to get rid of large-capacity magazines, to address the issues that we're trying to advance on background checks."

"Capable people are in high demand and so is pay. However, the situation is different from that in the 1990s. At that time, you couldn't find people with real management experience in private companies. Now, you can find capable leaders with enough energy and the drive to do things. With the economic boom in China, every company is competing for talents."