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Analysts said the country's manufacturing sector is set to continue recovering in the coming months as the epidemic situation gradually stabilizes domestically, the supportive macro policy continues, and more overseas economies resume business activity.

And, he's not far off the mark. It was indeed Xu's curiosity for knowledge and success that prompted him to set off on his US expedition more than a decade ago.

And part of the growth is expected to come from the Chinese market, its largest overseas market, as affluent Chinese consumers have increasingly strong demand for healthier lives and a better environment.

And now one of the company’s earliest investors, angel investor and political activist Nick Hanauer, says he’s disappointed that the company he helped get off the ground hasn’t done more to give back.

Analysts said such moves reinforced the view that liquidity in the banking system will remain tight in May, as the economy stabilizes in an uncertain environment.