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An online celebrity reacts for her followers via a livestreaming app in Wuhan, capital of Hubei province. [Photo by Miao Jian / For China Daily]

Analysts said the State Grid, as well as other grid companies, are likely to raise their investments in pumped storage in the coming years.

Analysts for the financial services firm present that scenario as a realistic “bull case” in a report that takes a fresh look at the potential valuations of?cloud providers such as Amazon Web Services, Microsoft Azure, Google Cloud Platform and IBM.

Analysts from S&P, for example, estimated Tuesday that the virus could lower China's GDP growth to 5 percent, while others predicted only short-term minimum impact.

And it's a demonstration of how approaches adopted in Qinghai operate outside of the popular conception in which environmental protection and human development necessarily exist in conflict and compete within a zero-sum game.