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Bahl  said, "Early signs of the post-epidemic traveler base in China reflect a younger traveler, with priority requirements of safe, clean, ultra hygiene protocols at hotel properties, airports, airlines and at their destination."

Baidu has slipped from the ranks of China's elite growth stocks after the peak in 2018. Its shares in NASDAQ went down nearly 2 percent after the bell, following the announcement of the quarterly financial results.

Bai Ming, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, said more European countries are taking an unbiased approach toward Huawei because Washington has never provided factual evidence to support its security accusations.

Based on recent changes in international oil prices, the retail prices of gasoline and diesel will be reduced by 80 yuan (about .37) and 70 yuan per tonne respectively, according to the National Development and Reform Commission (NDRC).

Bad loans have remained at a low level in China. The NPL ratio of Chinese banks stood at 1.86 percent by the end of May, with stable liquidity and abundant capital and provision.