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But the index quickly rebounded, as the market had been factoring in the tariff hike from Monday and recovered from previous overreactions, said Liu Chunsheng, an associate professor from the Beijing-based Central University of Finance and Economics.

By Sunday, floods in Jiangxi province had killed six people, with one person missing. About 917,000 residents in 45 counties and cities in the province have been affected, with more than 133,000 residents temporarily relocated, according to the Ministry of Emergency Management.

But this year includes some rather special milestone - the centenary of the May Fourth Movement.

By 2020, the number of visitors to Shaoshan each year is expected to exceed 26 million, with 30 percent of local residents making a living from tourism.

By 2016, China's stock of outbound investment was only a 10th of that of the United Kingdom and a 20th that of the US, despite annual growth of 30 percent for more than 15 years, according to data provided in his book.