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Analysts said the surge shows investors are optimistic about the company's potential, although Nio still faces many challenges in the cutthroat new energy vehicle market, especially after its IPO last month.

Andrew Steer, president and CEO of the World Resources Institute, said China is a long way ahead of other countries in terms of the psychology and the belief system of sustainable development.

Analysts have also warned that a Huawei ban would have a significant impact on the British economy. Huawei is a leading supplier of global network infrastructure, and a recent report from London-based technology analysts Assembly Research estimated that a ban on Huawei would delay the 5G rollout in Britain by up to two years and cost the economy up to 6.8 billion pounds (.8 billion).

And ignoring the resistance of vested interst groups to reforms, China should instead deepen the reforms to enhance public confidence in their effectiveness for the betterment of the country as a whole.

And this is worthy of primary, rather than secondary, consideration - now and in the years to come.