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Apart from technology collaboration, the two companies will further enhance financial cooperation such as developing investment and financial businesses by participating in each other's initiatives to absorb investors and setting up a fund, the agreement said.

Any such tax cut would need congressional approval. President Barack Obama cut payroll taxes in 2011 and 2012. The taxes fund Social Security and Medicare.

Anta Sports Products Ltd has unveiled a new series of products to target young, high-end consumers with affordable prices in a move to take on the sector's leading brand Lululemon.

Another important way Adidas is contributing to the development of Chinese sports is through grassroots participation in sports such as football and basketball. The company has helped nurture a generation of new talent through initiatives such as its school football collaboration with China's Ministry of Education and sponsorship of China's University Football Association and popular nationwide sporting events such as the Beijing Marathon and the urban sports initiative, Adidas Republic of Sports.

Apart from a driver, a safety supervisor was also on each bus, whose duty was to make sure all passengers are healthy as their health code shows before boarding.