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"Government investment in infrastructure projects could attract follow-up private investments by giving investors the expectation of better operational sustainability and credit endorsement", said Zeng Kanghua, a public finance professor at the Central University of Finance and Economics.

"Having so many shows premiering in the city means that we are the trendsetters and it shows how determined we are to develop Shanghai's cultural scene," said Huang Changyong, head of the Shanghai Theatre Academy, the co-host of the festival.

"For example, Kawasaki, which is in Tokyo's metropolitan area, has been ranked top in the country for technological service, and Utsunomiya has been forged into a research, development and manufacturing base for robots and precision machinery in the area," said Zhu.

"Fueled with liquefied natural gas, each ship has safety features, is environmental friendly and energy-saving," said Li Zhenjun, vice general manager of Fujian Shipbuilding Industry Group Co Ltd, the parent company of Xiamen Shipbuilding.

"Financial support such as special funds are available for key development projects, and numerous pilot programs are also underway across the country, including the IoT industrial development clusters in the Bohai Sea Rim, the Yangtze River Delta and the Pearl River Delta regions," said Sun Fuquan, a researcher at the Beijing-based Chinese Academy of Science and Technology for Development.