Shares in Shanghai-based China Eastern and Guangzhou-based China Southern both gained 3% overnight in trading in New York.

FORBES: H7N9 Bird Flu Cases Reach 24, Deaths At 7 In China; Chicken's Off Menus

Currently, Alliance Boots has a 50-50 joint venture in China known as Guangzhou Pharmaceuticals, which is the sixth-largest drug wholesaler in China.

FORBES: Stefano Pessina Talks 'Emerging Markets' For Walgreen, Boots

At the giant China import-export fair in Guangzhou this week almost everyone I spoke to said orders from Europe are falling and that's hurting China's exporters.

BBC: Why China won't save the world

Guangzhou-based China Southern Airlines Co.

WSJ: Tokyo Shares Down Sharply

The world of golf may have glimpsed its future Thursday in the form of Guan Tianlang, a 14-year-old eighth-grader from Guangzhou, China.

WSJ: Guan Tianlang: A Schoolboy Steals Day One of the Masters

Hosts China then beat South Korea 3-0 in Guangzhou on Sunday to win the Sudirman Cup for a seventh time.

BBC: England sixth after loss to Danes

Last June, Sony Computer Entertainment opened its China headquarters at Guangdong Animation City, a government-backed project in Guangzhou to boost the local animation and gaming industry.

ENGADGET: China's complicated history with video games: when a ban isn't really a ban

The report found that one-third of luxury consumption in China today came from just nine markets: Chongqing, Dongguan, Foshan, Guangzhou, Hangzhou, Nanjing, Shenzhen, Tianjin and Wenzhou.

FORBES: Long-Term Consumer Outlook For China Luxury

China already has the world's fastest long-range passenger train (the "Harmony" averages 220mph on the Guangzhou-Wuhan route, compared with 170mph for France's TGV), and soon expects to have the world's largest high-speed rail network too.

ECONOMIST: Business travel