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"China's strategy now is to shift to more intensive rather than extensive growth and that transition will deliver more prosperity, both in China and abroad," said Fredrik Erixon, director of the Brussels-based European Centre for International Political Economy.

"Combustion engines will remain the backbone of our CO2 goals as well as our financial performance over a considerable period of time," he said.

"Customers aspire for something not necessarily exclusive but unconventional. This is when influencers kick in, with consumers putting a lot more trust in online key opinion leaders in their decision-making journeys," Shen said.

"Companies will need to go public, issue bonds, make structured financing, and make investment in the capital market both at home and abroad. In that sense, asset management companies should provide services to help such companies come out with the most suitable operation plans and reach the right target," he said.

"China's efforts to promote the development of 5G networks are proceeding as scheduled. Though the ban on ZTE has led to market concern about a severe negative influence on the telecom industry, the real situation turned out better than we had expected," Essence Securities said in a research note.