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And she stressed that media reports relating to BT are "not an accurate reflection of the real situation", explaining instead that, because BT already uses Huawei equipment extensively for its radio access networks, BT has a policy of not using Huawei equipment for its core networks, in order to achieve diversification of procurement.

Analysts from Essence Securities said that companies closely related to economic cycles will play a leading role in sustaining the bullish trend on the A-share market. Companies in sectors like home appliances, automobiles, nonferrous metals, coal and securities are likely to be in demand, they said.

Analysts expect the regional bloc to maintain its neutral stance amid escalating China-US tensions.

Andru’s favorite Android phone: LG G3.

Analysts said the data show the pressure on industrial companies, but China’s consistent push for high-quality growth will help enterprises better deal with slowdowns in sales and their debt-asset ratios are likely to continue dropping.