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And even those who embrace it acknowledge its shortcomings: regular elections can lead to short-termism among political decisionmakers, while the two-party system that prevails in the US and UK tends to silence alternative voices.

Andy Icken, deputy director of Houston Planning & Development, and Cai Jianfeng, deputy director of Suzhou Municipal Commission on Economy and Information, sign cooperative agreement for further cooperation between the two cities at the summit on Tuesday. MAY ZHOU / CHINA DAILY

Analysts said a recent weak dollar is one major reason for the continued gain of China's forex reserves.

Andrew Maag, CEO at Alfred Dunhill, said the ruling "demonstrates Alfred Dunhill Ltd's unequivocal resolve in tackling infringement of our IP rights in China and globally".

And other Tech firms -- such as Chinese game developer NetEase Inc, Chinese search engine Sogou Inc and major online marketplace operator 58.com -- are among a host of firms interested in a secondary listing at home.