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"Fifteen years ago, companies were leaving San Francisco, because they were told to pay 1.5 percent payroll tax on stock options. So if we want to drive San Francisco companies out of the city when they go public, we only have to look at the history to see that it doesn't work," she said.

"Ge ma va?", Shanghai dialect for "Is it for sale?", might have been the most-heard question to thousands of international exhibitors at the China International Import Expo in the last two days.

"For ofo and Mobike, the deals can accelerate their growth by tapping into tech heavyweights' sizable user bases. But the impact is not decisive. The battle for supremacy still hinges on their bikes' availability and quality," Zhang said.

"For the rest of the world, China can play a role in relaunching the world economy," said O'Leary.

"First, many companies are not fully aware of the importance of developing the industrial internet. Second, there is still a lack of platforms, such as technology parks and innovation incubators, to boost industrial internet development," he said. "Third, there is still a lack of talent in the area of the industrial internet, and the country needs to enhance efforts in training such personnel."