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And is there any room for cutting interest rates? The interest rate premium between China and the United States has been maintained at a proper level. And while the US has almost dropped its policy rate to zero, the benchmark deposit and lending rates in China have not yet been changed much.

Analysts said the official factory gauge's return to the expansion zone indicated that the decelerating economic growth has shown sign of stabilizing and that the business outlook is brightening.

Analysts have mixed views on the deal. Lincoln Kong from Goldman said Tsingtao would see benefits from collaboration with Fosun in areas including export business, premium branding and management incentives.

And it has so far become the second highest grossing film of all time in China, behind "Wolf Warriors II," a 2017 action film with over 5.6 billion yuan in the domestic market, according to Maoyan, a professional box office tracker.

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.