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Analysts noted the impact of COVID-19 has been merely temporary. As the contagion is being contained, a recovery in demand for construction machinery and equipment is expected, said Xu Hao, an industrial analyst at Minsheng Securities.

Andreas Liebheit, president of Heraeus Photovoltaics. [Photo/heraeus.com]

And really, that’s what matters.

Analysis point out that the rise of high-net-worth individuals in the mainland and their desire to invest their assets worldwide will drive market growth for financial services.

Analysts agree that tax reduction has played a significant role in further boosting market vitality and driving industrial development.