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As competition heats up, only four to five smartphone vendors will have global influence in the end, said Zhao Ming, president of Honor, one of the twin signature smartphone brands owned by Huawei Technologies Co Ltd.

As far as the trade friction between the US and China, Strange said: "I don't think it's had an impact on our sales there yet," because the Chinese government hasn't started to discourage consumers from purchasing US products.

As a global professional services firm, we are determined to explore uncharted waters together with our clients in China. We are investing heavily to build or acquire new capabilities to help Chinese enterprises apply innovation to unlock the value trapped in old technologies, old assets, and the failure to engage with partners in a broader digital ecosystem.

As a result of the stock connect mechanism between Shanghai, Shenzhen and Hong Kong, overseas investors' interest in the A-share market has increased. According to the CSRC, overseas investment in the A-share market reached 161.6 billion yuan (.4 billion) from January to July this year. The figure was 118.9 billion yuan during the same period in 2017, as calculated by GF Securities.

As for domestic skilled workers, the city encourages local talents to attend global skill competitions, and will award up to half a million yuan to prize winners.