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Chinese stocks closed lower on Tuesday, with the benchmark Shanghai Composite Index down 0.88 percent at 2,504.82. The smaller Shenzhen Component Index closed 0.81 percent lower at 7,332.35.

Chinese stocks slumped Monday amid the tariff hike threat from the US, with the Shanghai Composite Index shedding 5.58 percent to close at 2906.46 points. The index dropped further from Tuesday to Thursday.

Chinese technology giant Xiaomi submitted its China Depositary Receipts (CDRs) prospectus to the China Securities Regulatory Commission on June 7, the first enterprise to do so since the CDR program started a test run in the country.

Cloud River Urban Research Institute, a think tank specializing in urbanization research, published 12 sets of data regarding top 30 Chinese cities in different rankings in a report titled "China Integrated City Index 2018." The institute looked at the "polarization of driving forces" by analyzing the performance of 298 cities at the prefecture level and above based on major indicators and the concentration of functions.

Chinese wines are becoming big sellers in the US, to the tune of about 0 million in 2016, thanks to wines produced on nearly 60,000 acres (242.8 million square meters) of vineyards in Northwest China's Ningxia Hui autonomous region. A delegation from Ningxia recently traveled to the US aiming to raise the number to a higher level in 2017.