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And as ironic and interesting as it would be to have Amazon impact both my home in Seattle and my hometown of Rochester, I can’t picture Duffy and the city’s swing being anything but a miss. There are far too many other possible locations with more people, infrastructure, transit and other checks in the boxes Amazon is seeking.

Analysts also cited the bigger-than-expected liquidity injection by the People's Bank of China, the central bank, on Monday as a key driver of the rally, as the move dispelled concerns that the PBOC is rolling back support for the real economy.

Andrew Miller, CEO of Dajia US, told China Daily: "We've been working so hard with so many people to develop this vision of the project. To have the opportunity to finally show that vision to the city and to the world is incredibly exciting and validating for all of us.

Analysts also pointed to growing bearish sentiments on coal prices and a gloomy global market.

Analysts said the slowdown and much of the increase in energy demand outside of China reflect that the Chinese economy is shifting from the energy-intensive industry to service industries with lower energy intensity.