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And that China made these achievements even as the US continued using the Special 301 clause of the Trade Act of 1974 shows that those investigations have had limited impact on the economic development of China. China has become the world's largest manufacturing economy and the largest exporter, and has the largest foreign exchange reserves. Therefore, the use of Section 301 by the US will not have much impact on China's progress toward stronger economic development and a better future. 

Analysts from Essence Securities said 5G and telecom stocks will continue rebounding after the positive outcome of the ZTE incident.

Analysts said Chinese carmakers are likely to continue the generally positive trend seen in recent years as they begin to roll out models designed specifically to compete against international brands in the domestic market.

Analysts said a main challenge for China next year is to maintain robust growth while pushing deleveraging and cutting corporate debt to prevent financial risks.

An organized rider could take home 10,000 yuan a month while the average is about 6,000 yuan, he said.