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"For someone who is motivated and willing to work hard, Shanghai will provide more opportunities than pretty much anywhere else on Earth," said Ben Cavender, principal of China Market Research Group.

"Good! Very good!" Qian couldn't help praising such measures. Too much waste should be avoided, he said.

"Global companies in China no longer need to ship their products away from the manufacturing facilities in the country. Instead they are becoming more inclined to tap growth from the robust domestic market demand," said Wang Shouwen, vice-minister of commerce.

"Growth of mobile payment tools is faster than that of any other payment models. The trend indicates that mobile payments will become the mainstream payment model across China in the near future," said Zhou Yuedong, vice-president of the credit card division of ICBC, the country's largest lender.

"For a company to become internationally competitive, the question is not whether or not to expand its business overseas through M&As, but when to make the move," said Jiao.