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An up-close look at HomePod. (Apple Photo)

Andy Jassy addressing attendees at Re:Invent

Analysts from Morgan Stanley Huaxin Fund Management Co Ltd wrote in a note that Chinese people will allocate more of their household assets to equity investment in light of the low interest rate at the moment. As the market sentiment stabilizes, additional capital will continue to flow into the A-share market, which will bolster the positive, long-term outlook for the A-share market.

Analysts from JPMorgan Chase & Co said in a report earlier this month that geopolitical tension between the two major economies could exert a negative impact on the growth of Chinese internet companies such as Alibaba, Tencent Holdings Ltd and NetEase Inc in the mid-to-longer term as they might encounter obstacles to international expansion.

Analysts said the better-than-expected growth in spite of the pandemic can be attributed to the Chinese government's sharp and sustained focus on keeping the wheels of the world's second-largest economy turning, through prudent, textbook-compliant yet imaginative fiscal policies.