Lei Jun, chairman and CEO of Chinese smartphone maker Xiaomi, speaks during a discussion at the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin, north China, June 27, 2016. (Xinhua)

Sun Pishu, chief executive officer of Inspur, a total solution and service provider of cloud comg of China, speaks during a discussion at the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin, north China, June 27, 2016. (Xinhua)

Huang Yiping, a member of the central bank advisory committee, speaks during a discussion at the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin, north China, June 27, 2016. (Xinhua)