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Currently, investors are exempted from the payment of profits tax in respect of profits arising from renminbi sovereign bonds issued by the central government in the city.

Crowley said his company chose WuXi Biologics as its contract manufacturer, even though some company board members questioned the decision, doubting such high-quality drugs could be made by a Chinese firm.

Currently, it has two Chinese retail partners: Bolon, which is strong in sunglasses, and Mujosh, an eyewear fashion retail chain that has 1,300 outlets across the country. It's also in partnership with nine lens manufacturers in Danyang, in eastern Jiangsu province, the world's largest spectacle production hub, making more than 30 percent of the world's total output.

Customs statistics show that in 2019, China's exports of non-game toys rose 24.2 percent to .14 billion. Exports of baby carriages rose 4.7 percent year-on-year to .93 billion, while exports of car seats registered a year-on-year growth of 13.2 percent to reach 0 million.

Customers line up for ice cream at a shopping mall in Tianjin. [Photo by Hu Lingyun/For China Daily]