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But Lin played down such concerns. The debt level, he argued, is not the only criteria to evaluate the projects. It is more important to analyze which fields the new loans are funding.

But Huawei has grown to dominate its domestic market, boosting its Chinese shipments by 8 percent in Q2, and it now sells over 70 percent of its smartphones in the Chinese mainland. China has emerged strongest from the coronavirus pandemic, with factories reopened, economic development continuing and tight controls on new outbreaks, Canalys added.

But for Amazon, this represents yet another benefit for Prime members and gives customers another reason to sign up for the program, which offers free 2-day shipping, cloud storage, and many more benefits.?There are now an estimated 63 million Prime members in the U.S., making up more than?50 percent of the company’s U.S. customer base.

But China will never be forced into submission.

But Spiesshofer sees more opportunities than challenges from the situation and believes consumers who are used to shopping for budget underwear will become the key growth driver for the company's luxury offerings, which have been enjoying consistent double-digit annual growth in the mainland over the past few years.