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"COVID-19 cases and hospitalizations are surging across the United States and Europe. The stock market appears to be taking note," analysts at Zacks Investment Management, said in a note Saturday.
"But the damage of today's shock could be more profound, long-term -- and above all irreparable," he added. "I believe America needs partners ... But America can only recognize such a partnership if it sees the 'West' as more than a point of the compass and in the world more than a boxing ring in which everyone fights everyone."
"But those who survive will be very excellent, just like the survivors in the mobile phone sector."
"China has a huge domestic 5G market and its efforts to accelerate construction of a nationwide network will bring opportunities to Huawei," Wang said.
"But the foreign exchange reserves are expected to remain stable in the future" because of China's sound economic growth momentum and its deepening of opening-up in its financial sectors, as well as the steady global economic recovery, according to the spokesperson.
