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Apart from expanding its global presence, CREC announced earlier this month that its subsidiaries such as China Railway Electrification Bureau (Group) Co and China Tiesiju Civil Engineering Group sealed 29 deals for airports, highways and forestry protection facility projects, as well as the transformation of shanty town areas with a total contract value of 37.16 billion yuan (.23 billion) in the domestic market over the past four and half months.

Another plus for D.C.: it’s full of unusual people who have the kinds of jobs few people in Seattle have. At your neighbors’ dinner party, you may well meet the man or woman who is a big wheel in submarine procurement at the Pentagon, or a Foreign Service officer who can give you chapter and verse on Burundi’s sovereign debt and Bolivia’s lithium deposits. Your kids’ school carpool driving buddy might be the man or woman who ran U.S. Senate campaigns in Nevada and Iowa and has a trove of political war stories.

Antony Kahuro, a graduate of the University of Nairobi and a student at the Confucius Institute, speaks about his experiences during a job fair. [Photo by Liu Hongjie/chinadaily.com.cn]

Apart from its rich industrial resources, Shanghai's quest to become the home of leading AI companies is also largely supported by its access to young talent.

Another key target is to minimize regulatory arbitrage, thus cutting rent-seeking, according to the country's top financial regulators.