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Analysts said the authorities still have room to adopt a more accommodative policy stance in the second half of the year, and additional monetary easing measures could include a relaxation of loan quotas.

And the posture, which seems to herald glad tidings for high-end lifestyle, wellness and fitness businesses, is in full evidence at lucrative yoga studios that are mushrooming across China, industry insiders said.

Analysts outside the US also believe that Trump's intentional use of the racist term is to distract the US public from the wide criticism of his missteps in his early denial of the seriousness of the pandemic. Now with the stock market gains of the past three years totally wiped out, he is eager to play the blame game, especially in a presidential election year.

Analysts said the remarks demonstrate that the current trade situation has "limited" impact as the group of Chinese companies have been determined in beefing up their core technologies.

And then by 2049 on the 100th anniversary of the People's Republic, it aims to be a modern socialist country in all respects.