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But sales of new cars have declined for 12 consecutive months. Last month, the sales reached 2.06 million, down 9.6 percent year-on-year, according to the China Association of Automobile Manufacturers. Sales from January to June totaled 12.32 million, falling 12.4 percent year-on-year.

But even though the business landscape could change significantly, companies in China should still be looking for acquisitions there.

But a survey of 46 economists by The Wall Street Journal found that just two of them expect the Fed to cut rates this month while about 40 percent believe the cut will come in July and about 30 percent expect a rate cut in September.

But Reuters says the problem is a new one for electronic reading devices, and it is one that Amazon will have to address in order to maintain its lead in e-readers.

But a saturated market is forcing major brands to move upmarket with their dairy products, including high-end yogurts and milk, Southwest Securities stated in a report on the industry.