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Amazon’s road to become the everything store is littered with casualties of companies that the Seattle e-commerce giant beat at their own game. Those that do survive are often crippled by competition from such a formidable opponent.

Amazon’s entry into the market really is more about business models and strategy than hardware.

Americans are now blaming a host of social ills－stagnant wages, de-industrialization, inequality－even obesity and drug addiction－on globalization. More to the point, politicians and pundits of all stripes are blaming China. But most of the bad stuff that has happened in the US economy has little to do with globalization or China. Instead, it is caused by bad domestic economic policies followed over the last 30 years.

Among the 25 pilot visa policies, four are directly linked to foreigners opening businesses in the city. These include issuing visas that allow current international students in Chinese colleges to start businesses in the Shanghai Free Trade Zone and the Zhangjiang National Innovation Demonstration Zone, and allow foreign technological specialists or college professors to commercialize their research in those areas.

Amid China's drive to pursue high-quality development, smart manufacturing is believed to be an important direction for the country's manufacturing transformation and an important part of China's "Made in China 2025" strategy.