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"For the last quarter, which is between April and June, in order to ensure long-lasting growth, this number would be a bit lower. But for sure, it would be double-digit growth for China this year," he predicted.

"Gold prices soared above ,000 per ounce in the second quarter, which to some extent has changed consumer behavior. Some people bought large-sized gold jewelry as an investment, while others went for lighter varieties whose prices are more affordable," Wang said.

"For Geely, going high-end can help it take more market share," said Alan Kang, a Shanghai-based analyst at LMC Automotive. "Geely needs to do that to better compete with global brands."

"Governments at different levels have given the group a serious of favorable policies to support work resumption and recovery," said Zhou."We have confidence in future production and market recovery."

"For businesses, the more they devote to innovation, the greater the risks will be. Thus, it is important to ensure their innovation benefits could be fully protected," he said.