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"Fuxin's pillar industries are agriculture, tourism and hydraulic parts manufacturing. But it is still struggling to create enough jobs and boost local GDP," said Lu Shichang, a professor at the city's Liaoning Technical University.

"For Guangdong and Massachusetts, we made our special friendship official in 1983," Massachusetts Lieutenant Governor Karyn Polito said in a speech at the ceremony. "Our administration will continue to work with Guangdong to expand cooperation in life sciences, robotics, clean energy and high-tech sectors."

"Growth has plateaued in the last two to three years and 2017 looks like another year of modest growth in comparison to the growth that we've seen in previous years going back beyond 2015 to earlier times. However, we remain unabashed bullish on China and the Chinese economy," he said, describing the Chinese market as "a really important part of our company."

"For those companies which make 'experience' an outperforming product, not a single one of them doesn't stress designing," Ai tells China Daily.

"Following the implementation of a registration-based mechanism in the STAR market, the ChiNext board is officially launching a similar system for IPOs. Such reform will increase investment and diversity in the A-share market while enhancing liquidity," said Louis Lau, partner of Capital Markets Advisory Group of KPMG China.