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Analysts at Bernstein said, "Strategically the deal feels like, after years of deal-making, a first move by Chairman Li Shufu to consolidate his sprawling automotive empire."

And young people should learn to take some risks in other places, he added. "You have to be creative. You have to be brave. You have to be intellectually curious."

Analysts said more policy support is needed to boost market sentiment to keep inflation at reasonable levels amid lingering worries about deflationary risks as the economy faces downward pressure.

Analysts at investment bank China International Capital Corp said that policymakers will likely tone down the importance of a specific growth target for this year at the annual NPC meeting later this month. The policy priorities will be achieving poverty reduction goals, ensuring people's basic livelihoods and keeping employment stable.

Andy Jassy addressing attendees at Re:Invent