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Despite concerns about protectionism and trade conflicts, 73 percent of CEOs in the Chinese mainland believe that global economic growth will improve in the next 12 months, compared to their counterparts in Hong Kong (41 percent) and globally (42 percent), according to survey results released by PwC on Wednesday.

Demand from affluent travelers has also attracted the attention of travel agencies and related businesses, who have started rolling out more high-end plans and services.

Democratic officials had sought to postpone the election, featuring frontrunner former vice president Joe Biden and leftist Senator Bernie Sanders, but were overruled by the top state court.

Despite the lowered emergency response, the ministry said the water level of major branches of the Songhua River is still relatively high while the rainfall in the country's southern areas is expected to persist over the next few days.

Despite the downturn in the automobile industry this year, Xu Haidong, an assistant to the CAAM's secretary-general, said there were reasons to be sanguine longer term, although the automobile market in China would take about three years to fully recover. Xu said positive factors included the fact that there was a continuous supply of car buyers from a steadily growing population, as well as a boom in the new energy vehicle industry in China.