Sharon Paul, a spokeswoman for the US Attorney's Office, declined to comment on Beckett's statement.
Shanghai has accelerated the opening-up of the city's banking and insurance industries by increasing the efficiency of regulatory approval for overseas financial institutions looking to settle there.
Shanghai-based social commerce platform Red, known in Chinese as Xiaohongshu, has begun testing live broadcasts and real-time sales. Online influencers have been invited to use the live streaming feature, which lets broadcasters interact and sell products directly to viewers.
Shanghai is expected to see 270 billion yuan (.1 billion) worth of investment in 48 key projects in the "new infrastructure" realm over the next three years as the city aims to move up the global information technology ladder.
Shanghai Disney Resort, which opened in 2016, has brought economic benefits to the metropolis in many aspects, most visible ones being tourism and jobs.
Shanghai Pudong Development Bank was fined more than 58.5 million yuan for 19 offences including allocating too much money raised from WMPs to risky assets.
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Shaoxing, for example, has built or upgraded 16,000 toilets in rural areas in recent years, with a combined investment of 107 million yuan.
Seventy-five percent of the money was spent on public transport, and authorities attracted 57.8 billion yuan of investment through public-private partnership and build-operate-transfer modes, it said.
Shaanxi, for example, is generating buzz in energy chemical engineering, modern agriculture and logistics.
She added that firms could also prevent conflicts by providing regular training for their employees and improving communication with tenants.