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Chinese companies invested over billion in the nine US states of the Midwest region as of 2016, creating over 45,000 jobs, according to China General Chamber of Commerce-USA.

Chinese consumers spent a record high of 770 billion yuan on luxury goods abroad and accounted for one-third of the total luxury spending worldwide last year, according to a McKinsey report. The figure is expected to hit 1.2 trillion yuan by 2025.

Chinese archaeology had often been seen as "rescuing cultural relics from infrastructure construction," Wang said. "But the infrastructure projects are now less hasty, and local governments are more supportive of archaeology than before. Public participation in archaeology is also more common."

Chinese banks' excess reserves dropped to a historical low in February due to declining foreign reserves, said Jiang, adding the central bank's continuous cash withdrawal since late March would weigh on market supply.

Chinese actor and member of the Feature Film Jury Zhang Zhen and American actress and member of the Feature Film Jury Kristen Stewart pose as they arrive on May 8, 2018 for the opening gala during the 71st annual Cannes Film Festival on May 8, 2018 in Cannes, France. [Photo/VCG]