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And thanks to a surging number of higher-paying jobs in service and technology industries, 54 percent of them will be classified as "upper middle" class, meaning they have an annual income between 106,000 yuan and 229,000 yuan.

And its high-quality education resources and fast growth are also seen as favorable factors, the report said.

Andrew Wang, chief investment officer of Manulife TEDA Fund Management Co Ltd, said the company is cautiously optimistic toward the Chinese equity market, underpinned by China's resilient economy, solid growth and moderate inflation.

And the Futian government also provides workers who have no accommodations in the city with living places at affordable prices.

Analysts said the production resumption will help Huawei to maintain its cooperation with existing retail partners in overseas markets such as East Europe, Russia, the Middle East and Africa where 4G products are still popular among consumers.