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But it sees a positive outlook for the second half of the year, with the new global norm of work, learn and play from home driving long-term growth trends in device demand and cloud/infrastructure requirements.

But it is not glad tidings all the way. Cut to the US corporate tax rate from 35 percent to 20 percent could affect Chinese companies in certain sectors, analysts said.

But he also pointed out that China has problems of a slowdown in productivity growth and a waste of capital in the less productive State-owned enterprises, particularly in some old industries.

But at the same time, world peace and stability face severe challenges from 

But Limp?painted a much rosier picture of Amazon’s devices business this week, saying the company is narrowing its focus on?hardware designed to make life at?home?a little easier. Mobile is also a big piece of the strategy, he added.