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And with the European Union retaliating against US tariffs and launching measures in response to the US sanctions against its companies doing business with Iran and Russia, US unilateralism is at the cost of its prestige and image as the world leader.

And authorities in Shenzhen, Guangdong province, are coming up with a raft of measures to stimulate the business.

Analysts from Essence Securities said in a note that the A-share market is approaching the tipping point at which it transitions from a bear market to a bull market. Although the price earnings ratio has been up from that registered at the end of last year, most of the industries are still undervalued. Therefore, there is still room for further pickup of A shares in the long term.

Analysts say the push to make cities smarter is in line with the country's advocacy of high-quality development.

Analysts also noted that the current market advances may end in mid-March. "Looking ahead, downward economic pressure and expectations of further policy easing will jointly influence the market, making fluctuations inevitable," said Xie Chao, an analyst from Shanghai-based Everbright Securities.