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And therein lay the clue.

Analysts said that the launch of TSR 20 rubber futures trading is a concrete example of China's effort to push the opening of its financial market and to gain greater pricing power in international markets.

Analysts said China's A-share market has digested some of the negative external factors, including turbulence in the US market, and investors' sentiment toward Chinese shares has been improving as the government has vowed to take additional measures to boost consumption and shore up growth.

And now, at age 22, he finds himself watching as the streaming world reacts to Microsoft’s decision to shutter Mixer and join forces with Facebook Gaming.

Andrew Mattock, a portfolio manager at Matthews Asia who manages the firm's China strategy, said US-listed China stocks were down on average more than 30 percent at the end of 2018.