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Analysts said State Grid's moves would see an improved market focus and a more flexible company, making it more vigorous and competitive in the global marketplace.

Analysts predicted the market will recover over a period of time, as investors await further concrete improvements.

An online platform, the Ankang Poverty Alleviation Space, has greatly accelerated the process. Since starting up in May 2018, the platform has helped about 21,000 people from poor families find jobs.

Andrew McAfee, best-selling author and co-founder of the Massachusetts Institute of Technology's Initiative on the Digital Economy, said developments in data, algorithms, networks, cloud, and digital hardware have unleashed a wave of innovation that is "rewriting the business playbook" at the Intel Shift 2017 event in New York on Tuesday. Paul Welitzkin/China Daily

And the Blue Moon lunar lander being developed by Amazon CEO Jeff Bezos’ Blue Origin space venture could play a part in the scheme. “The Blue Moon fits into my plan perfectly,” Keith Volkert, CEO of California-based Satellite Consulting Inc., said last week at Amazon’s re:MARS conference in Las Vegas.