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Analysts said the index, along with the renewed expansion momentum of China's manufacturing sector last month, signaled improvement in the economic situation, though policies to cushion downside pressure are still needed amid intensified trade friction between China and the United States.

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And the company continues to expand its footprint in the West. Last year, Logicor invested 80 million euros in the completion of four new sites in Italy, Finland, Germany and Romania. Eight further projects are under way in Germany, Finland, the UK and Poland with a total projected cost of 79 million euros.

And suddenly, the Democratic Party's presidential field, which featured more than half a dozen candidates a week ago, transformed into a two-man contest.

Analysts expect that the industry will continue the upward trend this year, thanks to support policies from the government and robust demand for health insurance and endowment insurance products.