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As a frequent flier, he has notched up millions of miles crossing the Pacific Ocean to run his business spanning China and the United States. Now, he is ready to grab the next big opportunity in China with both hands.

As an important gateway connecting domestic and international markets, the 1,210-square-kilometer area in the east of the city will, for many years to come, shoulder more responsibilities relating to China's deepened reform and opening-up.

As a traditional home appliance giant, TCL announced strategic adjustment last year. Its consumer electronics, home appliance and terminals businesses will be split off from the listed company, as the company shifts its focus to the semiconductor display sector.

As for the Democrats, he said: "Right now, this is a political loser for them. They initiated it. They thought this was a great idea. And at least for the short term, it has been a colossal political mistake."

As a result, China's retail sales, a key indicator of consumption, rose by 4.3 percent in October from the year-earlier month, and gained 3.3 percent from September. In another indication of economic recovery, industrial output increased by 6.9 percent year-on-year last month, according to the National Bureau of Statistics.