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Students from Shanghai Theatre Academy give a traditional puppet show in New York on Tuesday as part of the "Happy Chinese New Year-Shanghai Week", which allowed New York audiences a chance to experience Chinese folk arts. [Photo/Xinhua]

Strong demand for low-cost fitness bands in China and premium smartwatches across the United States drove the uptick, industry insiders said.

Students, professors and academic exchanges will be required to get a license and oftentimes that "takes forever" in the US, he said.

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Such developments are heartening news for the city, said Yuan Tao, chairman of Shanghai Zhangjiang Group, the operator of Zhangjiang Science City.

Stock markets went berserk as all kinds of companies listed. The corporate sector was no longer evaluated on the basis of profit-and-loss, fundamental to real economics. Everything was about shareholders' value. Potential was the opportunity reflecting forward option puts and derivatives. Commercialization of internet shifted this to eyeballs and speculation on social media so-called "Big Tech". All of this was made possible only by massive amounts of government-sponsored debt-based liquidity.

Stephen Shih, a partner of Bain & Company's Shanghai office, said, "Sixty-nine percent of the companies in consumption area from the US and doing business in China think the growth in domestic consumption, rise of an increasingly sizable and affluent middle-earning class are important opportunities in China business."

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Such a strategy will be replicated in Hong Kong, where the company plans to steer clear of splurging on outdoor advertising but instead touting for business via less expensive online advertisements, Zhao noted.

Strong revenue growth in the third quarter has ended Apple Inc's declining streak of six consecutive quarters in China, the world's largest smartphone market.

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Steve Pyer, Mobike's manager in Britain, said Manchester would be a window to show the changes that bicycles can bring to a city and to see how city planners can benefit from data generated by smart cycling.

Steve Kessel, senior vice president for Amazon Kindle, is among the executives quoted in the news release, a sign that the partnership also involves digital content.