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Robbert van Trooijen, senior vice-president for Danish logistics firm Maersk, said the initiative offers opportunities to the Asian supply chain sector.

Richard Russo

Restaurants, bars and indoor playgrounds are required to close at 10 pm and cannot host private gatherings of more than 15 people.

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Revenue from its cloud business reached 550 million yuan ( million) in the first six months, surging 54.9 percent year-on-year.

Rondolat said Signify is committed to helping Chinese cities to develop more eco-friendly business and tourist landmarks by using connected LED lighting to lower energy use and reduce operating costs. The new lighting is expected to save the city 50-70 percent of its annual lighting costs compared to areas using conventional lighting.

Roach at Yale insists, however, that this is unlikely to result in a debt crisis. "The government can still handle this. China has an extraordinary savings rate. They have a very high level of foreign exchange reserves and they are not exposed to international short-term hot money supporting the economy, which was the problem of the Asian financial crisis of the late 1990s. They have a cushion and time to address this."

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Responsibility for the deadly accident has not been determined yet.

Rui Yong, chief technology officer of Lenovo, said it took about a year to develop the robot after receiving demand from Commercial Aircraft Corp of China.

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Reuters said the company was footing the bill and was not receiving incentives from the government.

Roach at Yale University says China will also have to wrestle with a subset of contradictions if it is to achieve its key goals in the new era.