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Cinda Securities agreed that investors should focus on consumption industries with stable profitability, such as the food and beverage, home appliances and pharmaceutical sectors. But it recommended caution investing in the media and communications, coal and engineering sectors.

Citing people familiar with the matter, The Wall Street Journal reported that Amazon is set up well to take a bite out of the business intelligence market as more companies rely on internal and external data to make key decisions.

Citing the recent tie-up between Felda Global Ventures (FGV), Malaysia's leading global agribusiness and the world's largest crude palm oil producer, and China's Sinograin Oils Corp as a good achievement, Mah said he expected the momentum to continue.

Chongqing reported an estimated 6.3-percent year-on-year growth of its GDP in 2019.

Chinese smartphone vendor Vivo is ratcheting up resources to target photography enthusiasts with its latest 5G-powered handsets X30 series.