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Analysts expected sales to drop 12.3 percent. Consumer spending represents about two-thirds of the US economy.

And as outbound travel is restricted by the coronavirus, consumers are less sensitive to price and more willing to pay during domestic trips, which are good for high-end tourism, he added.

And the Peking University HSBC Business School opened a new campus in Britain. This is a pioneering effort by a Chinese university to run a school in a developed country.

Angels Wear White tells a story about two young girls who are assaulted by a middle-aged man in a motel. Through a dual perspective, one from a victim and another from a female witness, the film tries to raise awareness of left-behind children and growing gender issues.

Anheuser-Busch InBev SA/NV, the world's biggest brewer, plans to introduce more healthier products in China, said its head for Asia-Pacific on Friday.