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Ann Packer

Apart from growing demand for subway projects, water conservation, railways and highways in those markets, Ding said many of the opportunities also come from the surging need for a healthy lifestyle, better food and healthcare products.

Apart from performance, Chinese brands have also optimized their after-sales services. Redmi, a sub-brand of Xiaomi, was the first in the industry to offer an 18-month guarantee. Insiders said that this reflected the brand’s confidence in its products, which would help it gain more customers.

Annie Tselikis, executive director of the Maine Lobster Dealers' Association, said China accounted for 15 percent to 20 percent of the export value of US lobsters at the time.

Another area where Shanghai enjoys unique advantages is the establishment of pilot zones, Li noted, where AI-powered applications in manufacturing, finance, healthcare, autonomous driving and robots are encouraged to test the waters in the city.