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Analysts, though, cautioned about the risks to the above forecasts, such as a possible lingering of the global pandemic, weaker-than-expected economic recovery and an outflow of foreign capital upon central banks' future exits from aggressive monetary easing.

Andrea Hunter, president of the United Steelworkers Detroit local, wrote in an Aug 1 letter informing members of the layoffs, "If current market conditions continue, more layoffs unfortunately will be announced."

An overview of Taiyuan Heavy Industry Co Ltd's work platform. [Photo provided to China Daily]

And Rice, who was mayor for eight years ending in 1997, the year that Amazon went public, says that large, successful corporations do have a responsibility that extends beyond providing jobs and serving their customers and shareholders. He urges companies like Amazon to choose important issues to focus on and commit to them.

Analysts believe the new policy will drive solar closer to where it is needed. This will help direct new investments to places where fewer plants are idle.