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Chinese consumers will continue to drive global luxury purchases, buying nearly 50 percent of luxury goods worldwide by 2025 as the country has been leading the global recovery of the COVID-19-hit high-end products' market, said an industry report.

Chinese brands also plan to export to developed markets, despite weak US and European demand. Chery, one of China's biggest independent brands, is working on plans to export its X70PLUS gas-powered SUV to Western Europe, according to its general manager, Chen Jiacai.

Chinese liquor producer Kweichow Moutai Co Ltd dropped by 4.24 percent on Monday after shares rose to a record high last Friday. Shares of more than 30 listed companies fell by the 10 percent downside limit on Monday.

Chinese e-commerce giant JD will lay off 10 percent of its senior executives this year, as the company looks to maximize its resources and focus on strategic layout and the coordinated development of diversified businesses.

Chinese companies like Baidu, Alibaba and Tencent are coming to Bangladesh, he added.