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An said any attempt to politically manipulate or use the case to smear the mainland's political and legal system would prove futile.

An unnamed analyst with Kaiyuan Securities said mergers among the country's five major power generating companies including China Guodian Corporation, China Huaneng Group and China Datang Corp are also likely to happen.

Analysts believe the economic growth target this year will be somewhat on par with that of last year. But the growth, among the fastest in the world, can not change the fact that China is still a developing country, given that its per capita GDP lags far behind that of developed countries. China's economic growth will bring opportunities for the rest of the world, but what exactly? The answer will be found in the two sessions.

Andrew Leung Kwan-yuen, president of Hong Kong's Legislative Council, also welcomed the security law, saying he believes it will protect the vast majority of law-abiding residents in the city.

Analysts say outsourcing production makes it easier and cheaper for startups to produce cars and allow established carmakers to make better use of their factories. After all, building a car plant takes years and costs billions of yuan.