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Analysts believe new energy cars will soon seize a larger share of the car industry, especially in China. The country has released a policy that carmakers must produce a certain number of new energy cars for the Chinese market starting from 2019.

Analysts from China International Capital Corporation Ltd wrote in a report that companies with their business focused on upgraded consumption and new economy are likely to show strong performance in the mid- to long-term.

And China still has many cards to play. It could, for instance, consider targeting the cross-border service trade in which the US enjoys a huge surplus with China. And US multinationals in China, which have pocketed tremendous profits in the world’s largest consumer market and account for a major part of China’s nominal trade surplus with the US, could also be a target if the Trump administration announces further tariffs targeting Chinese goods.

Analysts pointed out that the recent moves would be used by Qualcomm for further dialogue with Apple to sort out the dispute between the two firms.

And since May 2017, stores have been pulling out of Sogo, one of the largest malls in central Beijing.