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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.

And relevant authorities and departments will be encouraged to come up with more measures for bettering the business climate.

An order for flowers is placed through a WeChat app. [Photo/Xinhua]

And unlike the previous times, when rapid growth in the retail sector was supported by a debt-based bubble economy, this time the growth has a much stronger foundation and would thus be more sustainable, he said.

Anhui province, for example, has been granted incentives and encouragement in its effort to nurture strategic emerging industries for two consecutive years. In 2017, strategic emerging industries in Anhui grew by 21.4 percent, contributing 31.4 percent of the province's total industrial output growth. Zhoushan in Zhejiang province－where the city's private investment grew by 23 percent in 2017 －has received such awards for two consecutive years for issuing corporate bonds.