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Deng Haiqing, chief economist with JZ Securities, wrote in a note on Thursday that China needs to cut leverage in a more accurate way in order to achieve the target.

Despite measures Rice is taking to ensure a safe environment, some question the wisdom of in-person learning during a pandemic.

Democratic governors in California, Washington, Connecticut, and New York said Wednesday they won't follow the new guidelines issued Monday on the CDC's website without public notice.

Despite the lowest mortgage rates, people in Shanghai appear to have less enthusiasm for buying homes. New personal home loans availed in Shanghai totaled only 27.5 billion yuan ( billion) in the first half of this year, down by 77 percent year-on-year, or 91.4 billion yuan, according to data released by the Shanghai head office of the People's Bank of China.

Despite his positive test, Stitt didn't think it necessary to reinstate lockdown measures, saying that "going back and bunkering in place doesn't remove" the virus.