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"Facing challenges such as labor shortages because workers were advised to stay at home during the epidemic, we strengthened efforts on field management and the transfer of agricultural supplies," he said.
"Despite the fact smartphone shipments are slowing in China, 360 mobile phones still saw shipment growth," Li said.
"Despite the loosening measures, China is not turning to an overall loose monetary stance," said Shen Jianguang, chief economist at JD Finance. Instead, the central bank focuses on targeted tools, Shen added, describing the TMLF as a "targeted interest rate cut".
"Developers of residential properties have also been actively reducing inventories, which is in alignment with handling financial pressure and stabilizing home prices across China", said Kam.
"Didi has to improve its profitability inside the Chinese market and expand overseas if it wants to make its story more convincing to investors, as the Chinese market is kind of reaching the roof," said Mo Jia, a Shanghai-based analyst at Canalys.
