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Another benefit from the US perspective is the Chinese companies' credibility will be damaged and the latter may face more restraints when they seek refinancing. The higher costs associated with Chinese companies may increase the competitiveness of US rivals. Again, this logic is a bit warped.

Apart from investment projects, the influx of high-quality international brands has also hastened the consumption upgrade in the Chinese market. L'Oreal Group, which has taken part in the CIIE since its inaugural edition, will introduce five new brands to China at the third CIIE in Shanghai.

Any host who is found to be implying, inducing or encouraging users to give large rewards by hyping or spreading vulgar content will be put on a supervision list and reported to radio and television management authorities, it said.

Another noticeable trend is that a growing number of private companies are going global and they are increasingly taking the lead in technology innovation, whether domestically or internationally. Apart from serving their European clients, China's private companies are leading some big changes in their industries after they expanded into Europe, he said.

Another advantage of videos is their potential to?spread virally through social networks, like Twitter, Facebook and YouTube.?Perhaps, the most well-known?example of a successful pitchwoman on YouTube, is?Michelle Phan, who turned her billion views on Google’s?video network?into a mega business.