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"Compared with that of 2016, the growth was stable. We see it as a result of the government's effort to promote reading," said Xu Shengguo, a member of the academy's research team. "It also shows people choose different platforms to read: books in print; e-books on computers and smartphones; and audiobooks."

"Currently, the overall operation of China's banking and insurance sectors remains stable, and financial risks faced by them are generally under control. Although risks are quite high for some banking and insurance institutions, they will not affect the stability of the entire industry, as there is only a small number of them," said Xiao Yuanqi, chief risk officer and spokesperson of the CBIRC.

"Customer demand in China, in particular, has struggled to recover following changes in import tariffs in July and intensifying competition on price, while ongoing global negotiations on potential trade agreements have dampened purchase considerations."

"Chinese consumers are increasingly pursuing snack foods that are healthy, high-quality and safe, triggered by the constant consumption upgrade trend in the country. In the next few years, higher-end snack food will account for a larger market share, and raise the average price of the sector," said Neil Wang, president of consultancy Frost and Sullivan.

"Constant rain makes me feel depressed. I have less energy for work and want to sleep more than usual," said Zhu Ning of Shanghai.