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But that's not how China is playing it. After years of surging wages, it's no longer the cheapest option to produce low-end products like textiles, forcing some manufacturers to relocate to Bangladesh, Cambodia, Vietnam and elsewhere.

But when an officer moved to arrest him, Brooks struggled with him and another officer at the scene before breaking free and running across the parking lot with what appears to be a police Taser in his hand, a bystander's video shows.

Buyers can convert the notes into the company's American deposit shares (ADSs) with a conversion premium of 32.5 percent to their latest closing stock price.

But talks fell apart, people familiar with the matter said.

By 2018, the market scale of online education sector in China is expected to reach 200 billion yuan ( billion), with a growth rate of nearly 20 percent every year, iResearch said.