"The amount of effort required to bring those products to market is significant. We just have to move at the right pace."

Hugo Barra, Xiaomi's vice-president in charge of international operations, said Xiaomi will be very cautious about launching its Mi devices in the US market.

"Support mechanisms and market-oriented personnel are crucial for the success of the performance-based salary system for employees of state-owned enterprises."

Yang Guoying, financial commentator

(China Daily European Weekly 02/20/2015 page18)