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Analysts from Essence Securities said 5G and telecom stocks will continue rebounding after the positive outcome of the ZTE incident.
Analysts said that the government may need to raise more than 4 trillion yuan from the domestic bond market between June and September, which is a significant amount and the People's Bank of China, the central bank, will have to take measures to facilitate the bond issuance.
Analysts point out that the big three telecommunication carriers are displaying fatigue in revenue and profit growth, amid mounting competition in mobile services to gain users as well as continuous investment in 5G.
Analysts say the results of Mercedes-Benz and smart were extraordinary, considering that car sales in China last year fell for the first time since 1990.
And so has the way of monetizing them, it seems.