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"Despite growth of fossil fuels, China has positioned itself as a global engine for renewable deployment," the report said. "It has made significant strides toward meeting its pledge under the Paris Agreement to generate 20 percent of its energy in 2030 from low-carbon sources."

"During the most severe period of COVID-19 in the first quarter and after the Chinese New Year, the top three airlines lost about 100 million yuan each per day. But since the second quarter, things have improved thanks to the effective measures to contain the contagion in China," said Chen Zhuo, a senior analyst with China Merchants Securities.

"Even though there is rigid demand for cars, the city policymakers still have to make social fairness a priority to ensure the effectiveness of existing regulations," she said.

"Even if Geely and Daimler reaches cooperation deals, they will take a long time to gain regulatory approval. Also, Daimler will tread carefully when it deals with partners, as Audi's attempt to find a second partner in China resulted in protests and hurt its sales."

"Definitely, this (strategy) will have a positive impact (to the world)," Lopez said.