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And according to the Asia Development Bank, infrastructure projects for the Belt and Road Initiative will top trillion by 2020.

Andrew McAfee, best-selling author and co-founder of the Massachusetts Institute of Technology's Initiative on the Digital Economy, said developments in data, algorithms, networks, cloud, and digital hardware have unleashed a wave of innovation that is "rewriting the business playbook" at the Intel Shift 2017 event in New York on Tuesday. Paul Welitzkin/China Daily

And one tech industry with deep roots in the Seattle area is helping to fuel the boom. Online retailers — companies such as Amazon, Julep and Zulily — continue to add headcount in an aggressive manner. According to the report, the “other retail trade” — which includes online retail — added 1,400 jobs in the month of March. Year-over-year, the “other retail trade” was up 9,500, a 15 percent chunk of the overall 60,900 jobs added.

And radio remains a significant force in China. "A lot of people in China still listen to the radio, particularly when they are on the road," said Lai. "It remains not just an important tastemaker, but also a possible new revenue stream to tap there."

Analysts from UBS Securities wrote in a latest note that listed US companies will have limited room for posting outstanding profits in the first half of this year.