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And by holding the event, Beijing has once again demonstrated its firm belief in free trade and an open global economy, as well as its rock-solid determination to further open up its market to the wider world.

Analysts from Beijing-based China Jianyin Investment Ltd were more optimistic.

And those cloud profits are a big reason Amazon has the financial license to spend what Bezos says could be an additional billion coping with the crisis in the current quarter.

Analysts said BMW's move of making cars in China for the international market, which has been rare so far in the country's automotive industry, signals the joint venture's growing importance in the new era featuring trends like electrification.

Analysts said the move by ICBC highlighted China's desire to promote cooperation to expand investment channels and to ensure sustainable financing for projects under the initiative.