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And, of course, there are some challenges we have to think about and overcome in order to move forward.

Analysts are also bullish on the company’s prospects.?This week, Wedbush analyst Michael Pachter upgraded its rating on Amazon to “outperform” from “neutral” and increased its price target to 5 from 5.

Analysts attributed the improved performance of steel, non-ferrous metal and other cyclical sectors to the country's supply-side structural reform, which, aimed at downsizing saturated industries and economic rebalancing, has prompted a rebound in commodity prices.

And just as Britain adopted, then adapted, tea to suit local tastes to make it the country's most popular beverage, China is witnessing a similar revolution in its relationship with wine.

And "if markets like this persist for many days or weeks, things could change," said Peter Crane, President & Publisher of Crane Data - Money Fund Intelligence.