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Amid mounting fears over the specter of escalating trade tensions haunting the global economy, China's role as a visionary leader of open and free trade is taking on a new significance, an expert said.

Amazon’s second annual Prime Day last year surpassed the inaugural event by 50 percent in the U.S. and by 60 percent worldwide, with “tens of millions” of customers making purchases. In its announcement of this year’s Prime Day, Amazon said it was “thrilled by the response over the last two years,” hence the decision to ramp up for the third edition of the shopping event.

Amazon’s buildings in the Denny Triangle stand out for their flashy designs, with the triumvirate of Amazon Spheres as the headliner, and this latest project is no different. The central feature is a staircase down the center of the building that resembles the ladder up a childhood treehouse, and the team highlighted it by setting it back from other parts of the structure.

Among the four sub-sectors of the TMT industry, the technology industry recorded the highest investment volume, with its investment value outpacing the internet and mobile sub-sectors.

Among the 54 foreign-funded projects signed on July 22 in Shanghai, 15 are in the field of new infrastructure construction, covering sectors including network technology, artificial intelligence, biomedicine, and integrated circuits.