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"But more important, it will be one of the two development engines of Shanghai. While Lingang Special Area, which is in the city's east, will feature high-end manufacturing, Hongqiao will become an important research and development hub that radiates throughout the entire Yangtze River Delta region," Chen said.

"China is the world's largest trading nation, and contributes more to world growth than any other country by a huge margin. These two facts show the enormous difference China has made to world trade," said Stephen Perry, chairman of 48 Group Club, a British organization composed of company leaders devoted in promoting Britain-China trade.

"By far the coolest Spark feature is its gesture-controlled flight mode, allowing you to send the drone overhead to take an aerial photo of you and your buds with just simple hand movements."

"China is already in the driver's seat with respect to the adoption of IoT technology, mainly driven by favorable government policies and fierce market competition inside the world's largest electronics manufacturing powerhouse," said Charlie Dai, principal analyst at Forrester, a business strategy and economic consultancy.

"China is one of our top-priority markets with product launches and potential growth," Saroukos said, adding that the company, which ranked 16th among multinational pharmaceutical companies in China, currently has a window of opportunity due to government healthcare reforms.