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"Due to the small scale of the segment, new energy carmakers are losing money. The sharp fall following the subsidy cut shows the segment is still in need of policy support, at least measures to facilitate their use," said Chen.

"Europe to Huawei is not only a center of sales, but also a regional center with comprehensive functions including sales, R&D, manufacturing, logistics and training," he said.

"During the due diligence, we could tell that the US is quite friendly to foreign direct investment as a mature economy. It's easy to communicate with the local county, city, EDC(economic development corporation) and school districts. We are very happy with the local supporting staff, the transparency and efficiency, which make things a lot easier," Jiang said.

"E-commerce boom is fueling the jewelry industry turnaround," said Neil Wang, president of consulting firm Frost & Sullivan China. "More traditional jewelry groups such as Chow Tai Fook, Chow Tai Seng and Swarovski have stepped into the online retail business, where they saw a better performance.

"Despite challenges brought by the COVID-19 outbreak, China had gained sound momentum in the electronic information industry in the second quarter. With both upstream and downstream industries resuming normal operations, the IT industry has shown a strong recovery," said Qiao Yueshan, head of the electronic information department at the Ministry of Industry and Information Technology.