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Another two examples are Xiamen Ocean Gate Automated Container Terminal in Fujian province, the first intelligent green terminal in China, and the Yangshan Deep-Water Port in Shanghai, the world's largest automated cargo terminal.

Ant Financial, Alibaba's financial arm, supports transactions in 22 currencies and can settle local payment in 56 economies, said Cheng Li, chief operating officer of Ant's international business.

Apartments adjacent to high-quality public schools conventionally carry a higher price tag in China. But Chinese parents are willing to pay even more if necessary for similar conveniences in other countries. That's because overseas residential properties can also generate steady returns on realty investment, according to industry insiders.

Any business that attempts to open but should not yet be open during phase one will be told to shut down. If a business refuses to shut down, it could face a daily fine of 1,000 U.S. dollars, the mayor warned.

Another major reason is better accessibility to the internet in Shanghai. Net speed and stability are the primary requirements for gamers. According to a report released by Beijing-based Broadband Development Alliance in November, Shanghai leads the country in terms of internet speed. The city has retained the No 1 position since the institution released its first report in 2013.