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Ankerbox's business model is simple — it places a pack of power banks in cafes, restaurants and other public locations, where users can take one out after scanning a QR code and paying a rental fee of about one yuan for each hour. After charging, users could return the device to another Ankerbox collector anywhere.

Another trend Renjen has noticed is how rapidly China is becoming a technology hub, evolving from its role as a manufacturing powerhouse, a transition which he believes will deliver outstanding opportunities.

Another participant at the signing ceremony was Beijing Sanyuan Food Co Ltd, a leading dairy producer in northern China. So far there are 10 member companies cooperating with the center.

Apart from the living allowance, China is gradually extending the coverage of orphans' security to medical and educational aspects, Guo noted.

Anxieties fire up gun sales across US - World - Chinadaily.com.cn