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As someone who lives in Amazon’s original headquarters city and has worked in education technology as both an executive and analyst, I’ve seen that Amazon is inescapable. Its indirect impact on education is huge: as a source for parents and teachers to buy classroom supplies, as a distributor of ebooks and e-readers, as a fundraising tool for school-related nonprofits through the AmazonSmile program, and even as an Amazon Web Services backend for edtech startups and established education companies delivering software through the cloud.

As the money flowed in, many companies have prioritized customer acquisition over profitability by offering deep discounts or free small-ticket deliveries. This has resulted in exponential expansion of the market with an annual growth rate of over 40 percent, said Eric Hor, associate partner of global consultancy Prophet.

As the world's largest producer, consumer and exporter of textile, China listed cotton futures on ZCE in June 2004, helping cotton-related enterprises hedge the price risk.

As such, the inaugural China International Import Expo, which is scheduled to take place in Shanghai in November, will offer the city another boost in building itself into a world-class shopping hub, Shang said. The expo is expected to attract thousands of importers from across the world and around 150,000 buyers from within the country.

As the country moved to enhance support for the real economy, Shanghai-listed companies in the real economy reported revenue growth of 13 percent and profit growth of 25 percent, much faster than the 7-percent revenue and profit growth of financial companies there.