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And the lower living costs have given rise to higher fertility rates in these regions. The upshot, according to Morgan Stanley's estimates, is that smaller cities could account for 76 percent of overall urban population growth by 2030. That spells huge spending power in the long run.

Analysts from joint venture investment bank China International Capital Corp (CICC) said that the criticism of all US-listed Chinese companies for one single case is simply one-sided.

AnGes' candidate is one of Japan's best hopes for a novel coronavirus vaccine as development is further along than others being produced by firms such as Shionogi& Co and Daiichi Sankyo Co.

Analysts diverged on the development of fixed-asset investment.

Andres Ortega, a senior researcher at the Elcano Royal Institute in Spain, said China-EU collaboration in third-country markets is particularly important in the context of strengthening Belt and Road connectivity.