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Anwar Abu Sbaitan, senior executive officer of Kuwait-based asset management firm Kamco, said that the UAE and Saudi Arabia represent 75 percent of the GDP in the GCC countries, hence foreign banks have to run a presence here to bank on the region's prospects.

Another flat owner in Kingwood Villas had to lower the asking price by HK0,000 and priced the 546-square-foot residential unit at HK.9 million — a level last seen in the first half of last year.

Apart from teaching, Tang is also a well-known local "talent scout" who seeks out and trains many young athletes in Hunan's Xinning county of Shaoyang city.

Apart from building both regular and maglev high-speed trains, high-power locomotives, railroad trucks and urban rail transit vehicles, Du said high-speed freight trains and 30,000-metric-ton heavy-duty trains, as well as new special trains for standardized containerized freight, cold chain logistics and cross-border freight transportation, will be the next growth point for China's railway transport equipment sector.

Any sale by J&J of its diabetes device units would fit with a drive to exit from lower-margin, commoditized categories such as glucose meters and strips, but analysts said Asian buyers may be able to squeeze more out of the assets.