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China's monetary authorities may moderately ease their overall prudent policy stance in the second half of the year, helping to anchor economic growth and the stock market, analysts said on Thursday.

China's inexpensive goods have helped keep US inflation at relatively low levels and improved the well-being of its consumers. This has happened despite the fuss about the "huge trade deficit" with China, and concerns that the US stands to lose 0 billion every year, an argument used often to criticize China, Lin said.

China's cinema companies boast over 60,000 screens in all, which generated almost 61 billion yuan (.7 billion) in revenue last year. But this year, box-office receipts slumped, sparking concerns as well as moves to reverse the industry's fortunes.

China's exports in yuan-denominated terms rose by 11.2 percent year-on-year last month, and imports by 14.7 percent, according to General Administration of Customs data on Tuesday. Previously, customs forecast July year-on-year export growth of 14.8 percent and import growth of 22.6 percent.

China's economy expanded by 6.9 percent in the first two quarters of 2017 and slowed slightly to 6.8 percent in the third quarter. Overall growth for the first three quarters was 6.9 percent, above the government's annual target at around 6.5 percent.