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Analysts from China International Capital Corporation Ltd wrote in a report that companies with their business focused on upgraded consumption and new economy are likely to show strong performance in the mid- to long-term.

Analysts with the Bank of China (Hong Kong) called for particular attention to be paid to investment in new types of infrastructure facilities such as artificial intelligence, industrial internet and the Internet of Things.

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And with the recent development plan aiming to foster leading global companies, analysts expect M&A activities to quicken as China has a large number of companies, mostly small, in the business.

And in April, police also conducted six raids in the provinces of Jiangxi, Henan, Guangdong and Anhui, catching eight suspects, busting three warehouses and seizing 3,100 boxes of fake drugs and 25,000 boxes of unregistered medical devices.