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Analysts said China may also continue to cut taxes for enterprises to boost private investment while further lowering corporate debt and borrowing levels to control financial risks in the coming months.

An online forum on how to upgrade innovation and entrepreneurship education in colleges and universities was held by Tsinghua X-lab, a university-based education platform designed to foster student creativity, from June 20 to 21.

Analysts said the purchase is in line with the recent trend of Chinese companies in the electric power sector, seeking to diversify their earnings by investing abroad, and Australia's energy sector will continue to attract China utilities.

And there is more to come, Amazon CFO?Brian Olsavsky said on a call with analysts last week. The two companies will study how to further integrate Whole Foods with initiatives like AmazonFresh and Prime Now.?

Analysts said the effect of the China-US trade frictions on China's macroeconomic fundamentals would be mild, although attention should be paid to the potential impact of an expanded scale of the disputes.