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Diageo, the world's leading premium drinks company, on Feb 26 launched a partial tender offer to SJF to increase its aggregate equity stake in SJF from 60 percent to up to a maximum of 70 percent.

Despite the occurrence of smog, PM2.5 density has been lower this year than previously and will continue to decline. Previously, heavy smog lasted for three to five days. Currently, the haze usually lasts for a shorter time with moderate pollution levels, said He, a member of the Chinese Academy of Engineering.

Ding forecast that China's GDP will likely grow by about 3 percent year-on-year in the second quarter, and the country's retail growth is likely to turn positive for June if the contraction of consumption continues to narrow.

Dominic Barton, global managing partner at McKinsey & Company and an adjunct professor at Tsinghua University, Beijing, also said they see "tons of opportunities in Asia, in China."

Domestic online travel agency Lvmama, which is headquartered in Shanghai, reports that 32 percent of its customers in the first four months of the year were over 50 years old, a rise of 5 percentage points over the same period in 2017.