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He said the ownership reform brings two good mechanisms: "The first is to make the decision-making process more efficient and effective. The second is to take a market-oriented approach."

He then came up with the idea of starting a business. With local government funding and access to interest-free loans, he set up a company in 2011 that helped disabled residents provide domestic services like housekeeping and baby-sitting.

He said the company had applied for a permit from the urban management authorities in Wuhan's Hongshan district before launching the service.

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He said there is no need to negotiate anymore on raising China's pledges during this year's climate talks, as "all has been settled in the pact".

He said the market should play a decisive role in resource allocation while allowing the government to play an improved role in order to create a long-term, stable and predictable institutional environment. Property rights and intellectual property rights must be protected with stronger measures, he added.

He said the fall in sterling, especially in the first half of 2017, could also be afactor.

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He was expelled from the Party in May.

He said traditional time-consuming mortgage system, one loan would require a lot of human resources to evaluate the asset and analyze the submitted financial reports.

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He took over the umbrella factory when he was 19.

He says Bangalore has enough annual rainfall to provide water for its estimated 10 million people without resorting to borewells or rivers - if only it could harvest the resource more effectively.