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Analysts said the survey results show that the Chinese economy remains on track, although policymakers should closely monitor the adverse effect of credit contraction on small enterprises. The Caixin/Markit Services Purchasing Managers' Index (PMI) stood at 52.9 in May, unchanged from April. The composite index, which combines both manufacturing and services PMI, was 52.3 last month, also unchanged from April. A reading above 50 indicates growth.

And Angel Chow, a tourist from Hong Kong, said Chinese shoppers will likely spend more now they have WeChat Pay as an option.

Analysts believe the central bank would prefer mid- to long-term policy tools over reverse repos, which boost liquidity in the banking system within a short period of time, as it faces a major task in reducing costs of long-term financing.

And Einhorn, who gained attention last year for calling for Microsoft CEO Steve Ballmer to step down, can’t quite figure out the Seattle online retailer.

And as China prioritizes modernizing its pig farms, cutting down on pollution and reining in use of agrochemicals, there is huge potential for Kaiqi.