Working in tandem 'is the best approach to attract startups'

Both the State and the private sector working together makes China an increasingly attractive place to start a business, particularly in the technology sector, according to Sophie Bu.

The 31 year-old, who has just returned from the United States where she studied for an MBA at Stanford University, is a partner in Shannon. AI, an artificial intelligence startup in Beijing.

"There is a whole ecosystem of the government and the market in China working together," she said.