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Brinly-Hardy, a US lawn-care equipment maker based inIndiana, said it has to lay off 75 employees this summer, saying that tariffs on Chinese imports could be the "nail in our coffin".

Building a technology organization was once a capital-intensive undertaking, with procurement departments placing large orders of hardware that took months to complete amid shameless nickel-and-diming on everyone’s part.

Buoyed by investors' positive outlook, overseas investment worth more than 220 billion yuan has flown into A shares via the stock connect mechanisms between Hong Kong and Shanghai, and Hong Kong and Shenzhen so far this year, as calculated by financial services provider Noah Holdings Ltd.

Box office revenue in the first half of 2019 in China stood at 31.17 billion yuan, down 2.7 percent year-on-year, while cinema visits dropped 10.3 percent year-on-year to 808 million visits in the same period, according to official data.

Building on its effective containment of COVID-19, China has rigorously rolled out a string of measures to stabilize foreign trade and investment.