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Andrew Miles, president of Sam's Club China, said on Wednesday the outlets, growing with their members, are excited to add the flagship outlet into their rapidly expanding footprint, calling it "a testimony of our commitment to our members and China."

Analysts said Sino-US relations are expected to make progress while maintaining stability as the two countries have a wide range of common interests.

And it was not just the higher cost of manpower at home that led to the move abroad.

Anant Agarwal, CEO of online education platform edX and winner of the Yidan Prize for Education Development, is dedicated to helping aspiring students reach for things beyond their grasp. [WILLA WU / CHINA DAILY]

Analysts said local investors are displaying growing enthusiasm for chip companies, as the importance of a globally competitive semiconductor industry is highlighted amid the US government's efforts to contain the rise of Chinese technology enterprises.