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But higher growth prospects in the United States could also speed up the monetary tightening process by the Federal Reserve, putting pressure on China's own monetary policy, which could negatively impact the A-share market, he said.

But economist Diane Swonk of Grant Thornton said anyone waiting for an announcement of more asset purchases is "likely to be disappointed."

But investors also pointed out that Chinese cities still need to tackle a series of challenges before they become global cities, including IPR protection, environmental protection, further opening-up and continuous innovation, as well as self promotion.

But at the beginning, the impact was minimal. "The wholesale vendors did not understand why I wanted to put tags on the slippers," he recalled. "Besides, the customers usually just cut the tags off and threw them away after they bought the slippers."

But Xiao did not project how many books the company will be able to sell abroad annually in the years ahead.