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Among the 41 industries surveyed, 25 posted year-on-year profit growth during the first quarter.

Among aspects of Chinese culture, Henry found that tea provides a bridge to understanding China and making friends. "When I came to China, I wanted to be friends with Chinese people, to understand them, and tea was the perfect way to do that," he said.

Amgen?dealt a blow to Seattle’s biotech industry last week with the announcement that it will be closing its?large research-and-development campus on Elliott Bay, which dates back to its acquisition of Immunex more than a decade ago.

Amid all this rush for homes abroad, Chinese parents are becoming more cautious and rational in their investments, and underlining service. Mi of Kay & Burton said: "Instant decisions of the past have made way for well-considered choices preceded by viewings of four or five homes."

Amazon’s stock is essentially flat, trading up .51 a share to 6.25. But if Alibaba is able to raise money at a 0 billion evaluation, Amazon will have a new competitor. Its market cap currently sits at slightly more, or 3 billion.