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Analyst Neil Saunders, managing director of GlobalData Retail, said that "while the company is still viable, doing business has become far more challenging and these problems will only increase."

Analysts said the guidelines on toll road special bonds on Wednesday－and another guideline on land reserve special bonds announced in June－were the latest moves toward standardized management of local government special bonds.

An unnamed analyst with Kaiyuan Securities said mergers among the country's five major power generating companies including China Guodian Corporation, China Huaneng Group and China Datang Corp are also likely to happen.

Analysts said this a reflection of the overall weakening economy, but profit growth of those firms may gradually pick up starting from the second quarter as the country's supportive policies take effect.

And that standing likely will rise in the coming years as Amazon’s real estate holdings more than double, perhaps even eclipsing Charlotte, North Carolina where Bank of America holds 22.7 percent of the prime office space in the southern city.