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Despite the downward pressure in China's automotive market, Lexus delivered 109,933 vehicles in the first seven months this year, up 31 percent year-on-year.

Despite the bounce off the bottom, American plans to offer fewer flights than in most summers — the peak leisure travel season.

Deng Yunxiu, 14, a student in Ningyuan county, Hunan province, was excited about starting another summer vacation in July. She'll learn art and music at a local culture center established for children like her — left behind as their parents went to work in big cities. She started learning to draw three years ago at the Dayuanshe Art and Culture Communication Center for Left-Behind Children, which was founded by a couple in 2014.

Despite falling profit growth, they managed to keep bad loan rates from rising, with ABC's bad loan rate edging down 0.04 percent and ICBC down 0.03 percent compared with the previous quarter.

Desai echoed comments by Guo Ce, the economic and commercial counselor of the Chinese Embassy in Kenya.