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Chu Bin, the company's chairman of the board, said that the application of intelligent devices and systems have significantly increased the mooring efficiency of the port, especially that of its foreign trade routes which rank among the world's top.

Chu added that the biggest challenge is to find ways to enter into mass production in order to decrease manufacturing costs. The mass production requires efforts across different industries including LED, semiconductor devices and the entire display supply chain.

Chinese tech giant Huawei Technologies Co Ltd has been working with the Crown Dependency to set up 4G internet coverage there. Property developers eyeing the market in the UK, such as Reignwood Group, have also operated in the island, taking advantage of its beneficial offshore tax policy, according to Beevers.

Close to Taicang South Railway Station and Shanghai's Jiading district, a tourism project featuring ice and snow is under construction. It will offer holiday village views, performances, a theme park and healthcare centers to provide services to 1.03 million people in Taicang and numerous people in East China.

Closer international cooperation on green finance will lead more capital to green industries.