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Analysts say that while there is little doubt that NEVs will eventually prevail, how long the switch takes remains to be seen and depends a lot on infrastructure and technology improvements as well as how fast automakers can adapt.

Andy Jassy — CEO of Amazon Web Services

And Protection Approaches, a charity working to end all forms of identity-based violence, has been running webinars during the pandemic for Chinese students and community looking into areas such as understanding hate crime, the impact on victims, witnesses, and communities, and how to support victims.

Analysts say the screen-enabled smart speakers will become a trend and have also gradually become an indispensable family appliance in many homes.

Analysts said that the reform measures are an example of China's efforts to deepen market-based reform in the financial and banking industry. It is also a response to the top leadership's call for improving the role of the financial industry to better serve the economy and support smaller businesses which is crucial for the country to achieve the goal of ensuring stability in key areas such as employment and people's livelihoods.