Investors pin hopes on China's innovation, entrepreneurship

Global investors and entrepreneurs have high hopes in China's innovation and entrepreneurship as they pour more investment and resources to build up their network in the country.

San Francisco-based HAX Accelerator, one of the world's largest hardware accelerators, set up an office in Shenzhen in 2011, helping startups from across the world get connected with different kinds of resources and speed up their business.

"We are drastically increasing our investment here in China," said Garrett Winther, a partner of HAX.