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And after 10 years of rapid development, the new area is aiming to help build a world-class tech-savvy city via big data, cloud computing, artificial intelligence and blockchain technology following the nation's development strategy.

Ang said that Fortive achieved double-digit growth in the third quarter of this year in China, and the annual performance is also expected to be positive this year.

An unmanned harvester harvests rice in Waigang township of Shanghai. [Photo/CCTV]

Anbang Insurance Group, together with its property insurance subsidiary AnBang Property & Casualty Co Ltd, will sell Hexie Health Insurance Co Ltd to five companies, the announcement said.

Analysts said the company's efforts are in accordance with the growing demand for oil and gas in the country and the company's adjustment to the stringent environmental regulations. "The exploration of shale oil will help ease the high dependence on foreign oil and gas imports," said Li Li, research director at energy consulting company ICIS.