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Analysts said such a shift will not significantly affect the country's GDP growth this year but will lay a solid foundation for future development.

Analysts from Huatai Securities pointed that liquidity condition of listed companies has improved in the first quarter, with nonfinancial companies' cash flow generated from business operations having begun to cover the cash flow needed by investments.

Analysts believe China will become a major market for such technologies as the government expects 50 percent of new vehicles sold in the country by 2020 to have some form of self-driving functions.

An online livestream e-commerce festival featuring more than 1,000 Guangzhou-made products, will be held via livestream from June 6 to 8, the local commerce authority said.

An online meeting was held at the headquarters of the Shanghai-based conglomerate on April 7. By connecting medical experts based in China, the United States, the United Kingdom and Portugal, Fosun helped combat the COVID-19 pandemic by facilitating the sharing of knowledge and experience among medical professionals, said Chen Qiyu, co-CEO of Fosun.