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Andre Morgan, producer of Oscar-winning film "Million Dollar Baby," said China has made a significant leap in its film industry.

Analysts believe the prices will be propped up in the coming months as the country's electricity consumption braces for its seasonal peak in summer.

And, this year, 14 Chinese companies made it onto WPP's global top 100 brands ranking, which was a huge improvement on the sole Chinese entry on the list in 2006.

Analysts believe that tariffs will assume a more prominent role in auto company business decisions, including virtually eliminating Chinese exports to the US, after Ford Motor Co ended plans to sell a Chinese-made vehicle because of American duties.

And in Michigan, Democratic Sen. Debbie Stabenow will take on military veteran and business executive John James, who won the Republican nomination. He would join Tim Scott of South Carolina as the only black Republican senators if he wins in November.