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"Greater efficiency is needed in patent and trademark examination, and the ratio of patents in core areas and with high value shall be increased. It is particularly important to increase the patent commercialization rate, which is relatively low at the moment," Li said.

"Generally speaking, conventional manufacturing sectors have been recovering since last November, and the first quarter showed that consumption is growing fast, particularly healthcare and food and beverages," said a research note from China Galaxy Securities.

"For the younger expats, Shanghai offers a 24-hour lifestyle that is hard to replicate in other countries. There are amazing career opportunities for those that have the drive," he added.

"For example, more than 600 engineering technical experts were assembled in Shanghai as the first national team of aircraft manufacturers for the development of the Y-10, a four-engine narrow-body jetliner developed from the early 1970s to the mid-1980s," he said.

"From an exchange rate perspective, in general, if the fluctuation is beneficial to one economy, at the same time, it is harmful to others. So the exchange rate should be determined by the market's supply-and-demand equilibrium, and act as an automatic stabilizer of the macroeconomy and the balance-of-payments situation," said Sun.