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Analysts believe rural areas have become a promising market for the digital economy, in which online payment has played a significant part with rising third-party platforms such as Alibaba's Alipay and Tencent's Wechat Pay.

And if it wants, the government can be more subtle in directing investment toward Chinese cloud companies.

Analysts: A-share market will pick up in the long term despite recent pressure

Ang Ziyu (left) pays for food as part of a life skills training activity organized for visually impaired students at a mall in Shanghai on Aug 14, 2020. [Photo/Xinhua]

Analysts with the Bank of China (Hong Kong) called for particular attention to be paid to investment in new types of infrastructure facilities such as artificial intelligence, industrial internet and the Internet of Things.