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Analysts said the acceleration in profits in July was mainly due to government measures to boost resumption of work and production across the whole industrial chain at a faster pace, as well as a rebound in production and sales. They expected the rising demand will continue to boost industrial profit growth in the next few months.

Analysts saw Hema Fresh as the best example of Chinese companies' efforts to push forward smart retail initiatives, which are making Chinese consumers more demanding and sophisticated.

Analysts at GF Securities said that foreign securities firms in China have the advantage in areas including derivative trading, asset management and wealth management services over local players. But it is challenging for foreign firms to compete in the onshore securities brokerage and underwriting business in the short run given that they may face limited market channels and higher capital constraints.

Andrew Millstein and Ann Le Cam, speaking on Studio Leadership, welcomed the Chinese participants. "It's an honor to host our friends from China. This exchange helps us strengthen relationships and share in a way that elevates the animation industry as a whole."

An overpass collapse caused several injuries and damage to vehicles in Wuxi, Jiangsu province on the night of Oct 10, 2019. Rescue work is underway. [Photo by Yang Mujun/for chinadaily.com.cn]