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Andrew Sheng, distinguished fellow at the Asia Global Institute at the University of Hong Kong, believes the increase in consumer confidence in China in January will herald a recovery in growth.

And if they did want to buy instead of building, the tech guys would have to decide if they want to make it proprietary. If they did, they would cut out a core part of the Netflix strategy, because the service is currently available to just about every box and device on the market. If they didn’t, they’d be spending money to help boost their competitors’ platforms.

Analysts said China's consumer inflation would remain mild this year although international oil prices have risen sharply, which will have a spillover effect on domestic prices.

Analysts believe that Trump's intentional use of "China Virus" is to distract US public from the wide criticism of his missteps in his early denial to the seriousness of the pandemic. Now with stock market gains in the past three years totally wiped out, he is eager to play blame game, especially in a presidential election year. Some, such as California Congressman Ted Lieu, have accused Trump of stoking xenophobic panic in a time of crisis.

An open trial of Sun's case was held at the court on April 12, and information about the trial proceedings were broadcast by the court's Weibo account.