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China's determination to spur consumption comes amid slowing economic growth and rising downward pressure.

China's internet giants including Alibaba Group Holding Ltd and JD.com Inc have ramped up efforts to deploy offline channels as pure-play e-commerce growth starts to stagnate. Alibaba has completed a series of buyouts including retail chain Intime Retail Group Co, while JD backed Yonghui Superstores and announced plans to open 1 million namesake convenience stores in five years.

China's industrial output grew 6 percent year-on-year in July, according to the National Bureau of Statistics. In the first seven months of the year, industrial output increased 6.6 percent year-on-year, 0.1 percentage point lower from January-June period.

China's online education is growing by 20 percent each year. Last year, the market scale reached 156 billion yuan (.5 billion), according to the Beijing-based market consultancy iResearch.

China's largest cinema chain operator Wanda Film said on Tuesday it expects to report a net loss of 1.5 to 1.6 billion yuan (4 to 8 million) in the first half of the year as COVID-19 forced it to shut down theaters.