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Darrell West, vice president and director of Governance Studies at Washington, D.C.-based think tank Brookings Institution, told Xinhua that the battlegrounds will likely "determine the winner."

Data from the National Bureau of Statistics showed that between January and April, the sales revenue of China's catering industry decreased by 41.2 percent on a yearly basis to 833.3 billion yuan (7 billion). In April, the sales revenue was 230.7 billion yuan. Although the drop narrowed to 31.1 percent on a yearly basis, the downward pressure for the entire industry was still huge.

Dawn Pang, the mother of two daughters studying in a primary school, said some teachers had "erred" when teaching students about the current affairs in Hong Kong. She cited some comments made by teachers in classes, discrediting the police as "bad guys".

Data from Shanghai-based market tracker Wind Info showed that there were a total of 227 Chinese companies listed in the US by the end of last year, among which the majority 145 companies are listed on Nasdaq. According to UBS estimates, there are about 42 US-listed Chinese mainland companies able to seek relisting in Hong Kong after the Holding Foreign Companies Accountable Act takes effect.

DUBAI — Renowned US economist Joseph E. Stiglitz said here Tuesday that he believes the crypto currency Bitcoin "has no social value" and that he would be surprised if the rally would continue in 2018.