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And while COVID-19 may have put a dampener on so much of 2020, Baijiu Society notes an uptick in the numbers of people playing mixologist during their home-staycations. To wit, the group has created three signature cocktails – Baijiu & Tonic, Baijiu & Soda and Tropical Baijiu – to mix as part of its #BaijiuCocktailChallenge at home. All three concoctions use one of the craft baijiu spirits, which feature splashes of yuzu, star anise, clove, cherry, peach, orange lychee and even cinnamon.

And Fuyao Glass Industry Group Co has spent billion on US manufacturing facilities, including reopening a former General Motors Co plant in Moraine, Ohio, which will employ 2,500 people.

Analysts said the nation's newly-announced policy package to bail out businesses will help sustain the revival in industrial profits, with sectors related to the economic upgrade set to outperform.

Analysts said the uptick in CPI growth will not constrain the nation's commitment to expanding domestic demand, as the figure should soon decrease with the abatement of flood impacts and a high base last year.

Analysts said the effect of the China-US trade frictions on China's macroeconomic fundamentals would be mild, although attention should be paid to the potential impact of an expanded scale of the disputes.