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China's previously buoyant internet TV brands are currently players in their own drama, watching a downturn in the sector this year.

China, a relatively new but fast-growing market, had been increasing imports for six consecutive years.

China's rising consumer inflation, driven by higher food prices, will not obstruct the monetary authority's efforts to counter economic sluggishness, as companies still need credit and adaptive liquidity to sustain investment, analysts said.

China's recent economic data have shown that the country will be the first major economy to pull out of the crisis brought by the COVID-19 pandemic, as the country's recovery is accelerating, an Aug 9 Bloomberg report said.

Chinese Ambassador to the United States Cui Tiankai urged Washington to revive the BIT negotiations, adding that reaching a high-level bilateral investment treaty was an important outcome of previous economic and trade dialogues between the two countries.