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Bloomberg News reports that Toys R Us, Walgreen and others are establishing new distribution centers that utilize robots to fulfill orders in record time.

Boom in China's consumer loan securitization could pause this year as regulators target lenders' high debt levels and limited asset disclosure.

Bilateral cooperation in tourism is moving onto a broader stage, said Chinese Minister of Culture and Tourism Luo Shugang at the closing ceremony. The minister called on tourism authorities of the two countries to deepen cooperation and turn the China-New Zealand Year of Tourism into the China-New Zealand era of tourism.

Bilateral trade moderated over the past two years, as the world's top two economies slowed down for cyclical and structural reasons, and a stronger dollar battered US exports, said Zhou Shijian, an economics professor at Tsinghua University.

Blumenthal said worldwide competition for international students is also heating up, as countries such as Canada, Germany and Australia make it easier for international students to stay in the country after they graduate and become part of the workforce.