According to Seyedin, China's economy has been on track to recovery this year, as the adverse effects of the pandemic have continued to wane gradually and the consumer market continues to bounce back.

Seyedin表示，随着疫情的不利影响继续逐渐减弱，消费市场继续反弹，中国经济今年一直在复苏的轨道上。

That in itself is a sort of achievement, which seems to suggest the impact of Washington's restrictions on Huawei's sales has started to wane amid the Chinese company's progress in finding new growth streams, experts said.

专家表示，这本身就是一种成就，这似乎表明，随着华为在寻找新的增长来源方面的进展，华盛顿对华为销售的限制影响已经开始减弱。

"While the tech giant has been able to maintain normal supplies to its customers after the ban, its popularity seemed to have risen, rather than wane, in the overseas market.

However, shocked by a flood of disposable lighters on the market, the industry began to wane after 1990, and Zhao was laid off from Anyang Match Factory in 1998.

"If one company grows, another company will wane," said Song.

Enhancing China's standing as the world's largest industrial and supply chain hub is crucial as the country's labor cost advantages wane.

The role of exports in driving overall economic growth has been on the wane.

Rebound:xa0Nation may top equity market, analysts sayChina's economy is widely expected to rebound by the end of the first quarter as COVID-related disruptions wane, giving a much-needed boost to the ailing global economy, according to international investment banks and asset managers.

The gauge for manufacturers' expectations for future output picked up despite pressure from the pandemic, with businesses remaining confident that the outbreaks would soon wane.

As policies and measures to stabilize the economy continue to take effect, and the negative effects of heatwaves wane, China's purchasing managers' index (PMI) for the manufacturing sector has bounced back to expansion territory, according to NBS figures.

"As policies and measures to stabilize the economy continue to take effect this month, and the negative effects of heat waves wane, the manufacturing PMI has bounced back to the expansion territory," the bureau's senior statistician Zhao Qinghe said.

"The COVID-19 pandemic will eventually wane, and we believe that our business will fare better as production and life restore," Wu added.

"As the world restocks and finally catches up with the backlog of unfilled orders, the boost to global trade will wane and require a fresh boost," he added.

However, as the COVID-19 outbreak has begun to wane, the city saw a rapid recovery in consumption.

While some economists expect demand for pandemic-related goods to wane in the coming months, Zhou said she believes the rebound in global demand will continue to buoy China's exports.

Zhuang Shuai, founder of Bailian Consulting and an expert in e-commerce and retail, said Chinese consumer enthusiasm for the Singles Day shopping spree will not wane, but what e-commerce platforms should do is to improve the supply chain, and optimize their business and operational models in accordance with shoppers' buying habits and advances in technology.

New housing demand is expected to wane in China during the first quarter of next year, as a growing cross-section of people are wary of further price hikes, according to a central bank survey.

With the COVID-19 outbreak on the wane, Chinese carmakers' market cap has shown an upward trend recently as domestic auto sector resumes production.

The effects of the tax cuts, especially for businesses buying fleets of cars, were expected to wane.

The impact on sales will wane in December, said Asako Hoshino, Nissan's head of Japan.

Dongfeng Peugeot-Citroen Automobile Co, PSA Group's Chinese venture, lowered its annual target after sales of Peugeot and Citroen vehicles have been on the wane in the past half year.

"However, after China joined the World Trade Organization in 2001 and bookstores started to mushroom throughout Beijing, the popularity of the book plaza in Zhongguancun started to wane," Chen said.

Li Yunfei, deputy general manager of the new energy automobile manufacturer BYD, said that in the long run, China's economy is strong and resilient, the short-term impact of the epidemic will wane, and China's share of the world economy will rise steadily.

It remains likely that China's monetary policymakers will cut interest rates in the first quarter as pressure of insufficient domestic demand remains pressing while external constraints on monetary easing wane, political advisers and experts said.

Only three Chinese companies listed in the US in the first half, compared with 38 in the same period last year, suggesting Chinese firms' enthusiasm for US bourses is on the wane.

Like throwing a stone into a pond, the waves of such an impact will not last long, and will gradually wane.

Rob Subbaraman, head of Global Macro Research and co-Head of Global Markets Research at Nomura, said on Tuesday that as COVID-19 still exists, the unprecedented global fiscal and monetary policy support is starting to wane and will become less supportive to global growth.

Nation urges more help from lenders to ease pandemic woes of enterprisesChina has continued to improve the quality and efficiency of its financial sector by urging banking institutions to stabilize credit supply to micro and small-sized enterprises (MSEs) and increase support for the resumption of work and production of such businesses, as the novel coronavirus outbreak continues to wane across the country.

Downside risks still abound in global stock markets, and volatility may take weeks or months to wane, in light of market performances during previous crisis events, said Zhu Haoyuan, head of Asia Pacific analytics at US-based investment research firm MSCI.