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Analysts pointed out the latest development also reflected a broader trend where companies globally all started to realize that any behavior obstructing fair and free trade will hurt their interests in the end.

And any unreasonable imbalances in primary, secondary and tertiary sectors, he warned for good measure, would be tantamount to creating a recipe for potential disaster during trying times.

Anchored in Shanghai, the company's China unit also manufactures appliances, and ships industrial parts from its Shanghai factory to its global networks, including economies related to the Belt and Road Initiative.

Analysts believe the prices will be propped up in the coming months as the country's electricity consumption braces for its seasonal peak in summer.

Android phones may be collecting 10 times as much personal data from their users as iOS devices do from Apple phone users, according to a new research.