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Cuomo shot back via Twitter: "I have to do more? No — YOU have to do something! You're supposed to be the President."

Customers check out products at an Apple store in Shenzhen, Guangdong province. [Photo provided to China Daily]

Customers visit the New World Department Store in Shanghai during the May 5 Shopping Festival. [Photo by Yang Jianzheng/for China Daily]

Currently, banks are investing an increasingly larger portion of their portfolios in standard assets, such as strengthening bond investment. In addition, bank wealth management subsidiaries may step up their efforts to invest in equity-based assets by tracking equity indexes or using the strategy of a fund of funds, which is a pooled investment fund that invests in other types of funds, said Guosheng Securities analyst Ma Tingting in a research note.

Crude oil output dropped 1.9 percent, narrowing by 6.1 percentage points from the same period last year.