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An undated photo of President Xi Jinping walking with his mother. The photo is on Xi's bookshelves in his office. [Photo/Xinhua]

Analysts from TF Securities wrote in a note that horse racing and large international sports events should be the two areas that are likely to see rapid development following the announcement of the central authorities' plan. While taking Shanghai (China) Pilot Free Trade Zone－the first of its kind in China－as an example, Hainan still lags behind in terms of the contribution of wholesaling and retailing to local GDP. In this sense, companies related to these two sectors in Hainan will have much room to grow, according to the note.

And Bristol has been named Global Smart City at an industry association's 2018 Global Mobile Awards, Nix said.

And he noted that Southeast Asian companies, in particular those with a vast pool of Chinese business links and information, would find the opportunities created by the Bay Area attractive and potentially rewarding.

An urban management officer warns visitors of danger at Tian'e Lake in Hefei, Anhui province. CHINA DAILY