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Despite the downturn in the automobile industry this year, Xu Haidong, an assistant to the CAAM's secretary-general, said there were reasons to be sanguine longer term, although the automobile market in China would take about three years to fully recover. Xu said positive factors included the fact that there was a continuous supply of car buyers from a steadily growing population, as well as a boom in the new energy vehicle industry in China.

Deng Dingzhang, deputy head of the marketing department of China Southern Airline's Hubei Division, echoed the consul general's view.

Despite current setbacks, the sharing model still has potential if well managed.

Despite strong criticism, demonstrators planned to go ahead with more protests. Monday's protests left commuters struggling to get to work during the rush hour.

Demand from wealthy people for improved living standards, however, will not be much affected, and the value of high-end residential products will continue to appreciate, according to Anthony McQuade, managing director of Savills for the Northern China market.