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Analysts from Ping An Securities said the market will have little motivation to invest in the medical sector in the short term due to the vaccine scandal, but the negative impact will not last long. Even if there is continued irrational short selling in the sector, it will be a good opportunity for investors who eye long-term profits.

Analysts said demand for bullion was often adjusted in alignment with the overall economic picture.

Analysts added that Xiaomi is the only top-five vendor that is focused on low-price smartphones, with some below 1,000 yuan (0).

Analysts say strong overall demand has been firing up production. "Overall, the PMI data suggested recovery momentum has more or less stayed," chief China economist at UBS Wang Tao told Bloomberg on Monday.

Analysts say if the policy is not extended, there will be a negative impact on sales. New energy cars have been growing in market share quickly in China, which is already the world's largest market for such cars.