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And from September 1, these discounts will be available on other routes, such as Ningbo to Hangzhou, the host city of G20 summit in 2016, Ningbo to Shanghai, and Xiamen in Fujian to Ningbo in Zhejiang.

Angelica Anton, founding partner of Silk Ventures, said her team's China connections are among the main attractions for member companies. Anton worked with the foreign direct investment team at the Hangzhou local government before relocating to the UK.

And for a time, they were happy to cut checks to service the computing needs of exploding companies that valued user growth above all else. The up-front costs of building a tech business were much lower than what dot-com era investors needed to invest into promising companies, and as a bonus you didn’t have to figure out what to do with the servers when those investments failed.

An uncertain trade outlook could also impact the freight business as well in February, the report noted, which is typically the slowest month for US imports of Chinese goods.

Angel Liu, executive director of global investment at the North Carolina Department of Commerce, said the state is balanced among its various sectors.