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Andy Chen, president-elect of IEEE Technology and the Engineering Management Society (2020-2021), Wang Feng, CEO of Wuxi Xuelang Digital System Technology, and four other guests from business and academia shared their opinions on the value of data in industries.

Analysts expect such efforts will be helpful to assuage concerns over downward challenges, though it may take time to see them take effect.

Analysts said the latest regulatory measures put pressure on domestic companies, with the smaller players set to face the heat in the long term.

Analysts said the move by Goldman Sachs showed that foreign banks remain bullish about the prospects of their business in China as further financial liberalization is expected to bring more business opportunities.

And domestic drug production activities have been effectively curbed, it said. A total of 290 drugmaking crimes were cracked and 173 drugmaking factories were destroyed. Drugmaking schemes are characterized by miniaturization, scattered distribution and simplified process. Some of them occur in family workshops and vans.