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Analysts hold there is room for further tax reductions through measures such as lowering corporate income tax and expanding the scope of expense reductions for enterprises. Currently, China has three brackets for value-added taxes at the ratios of 17 percent, 11 percent and 6 percent respectively. The country can reduce the three brackets into two in the future, analysts suggest.

Analysts believe such moves suggest sector reform is likely to speed up.

And it’s not just Seattle where Amazon is growing. In Boston, Amazon just confirmed plans for a new office lease, with room for 900 people working on Alexa, shipping logistics and other departments, according to The Boston Globe.

Analysts say that while there is little doubt that NEVs will eventually prevail, how long the switch takes remains to be seen and depends a lot on infrastructure and technology improvements as well as how fast automakers can adapt.

And so he chose tea, to be "impactful".