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As the Chinese construction machinery bellwether, XCMG has maintained its top position for 29 years, and has become the world's sixth-largest construction machinery manufacturer to date. But Wang has bigger ambitions. Wang said he is optimistic about getting the group into the world's top three by 2025.

As recently as the 1990s, Seattle was what Smith called an eight-hour city. People drove to work from the suburbs, finished off their day and drove back. The South Lake Union neighborhood had yet to be turned into the massive tech hub it has become. At the time, Microsoft co-founder Paul Allen was trying to turn the neighborhood into a local version of Central Park. Voters twice rejected the plan, and the land reverted back to Allen. That set the stage for the?redevelopment of the neighborhood that eventually led to?Amazon’s decision to make South Lake Union?its home base.

As someone who grew up in the countryside, I know of country living as an alternative lifestyle rather than an inferior choice. However, it is hard to convince people who have not lived in the countryside for a substantial time.

As policy support takes effect and eases the burden of costs and expenses faced by industrial firms, growth in industrial production and profit may stabilize in the second half, Zhang said.

As the test ground for China's opening-up to foreign investment, the free trade zones are also preparing new measures. The FTZ in Guangdong is working on policies to open the financial service sector.