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Another round of recall will begin on Dec 29, which will affect more than 2.51 million Chevrolet and Buick cars, according to GM China and Shanghai GM, a joint venture between GM and SAIC Motor.

Apart from that, real estate market in China stays strong and resilient amid the virus outbreak, with property investment in first five months only dropped 0.3 percent year-on-year, and has returned to basically the same level as last year.

Another tough year for the Seattle online advertising company. Longtime CEO Russ Horowitz announced his departure in February.

Another 61 billion yuan was lent to financial institutions through the standing lending facility to meet provisional liquidity demand, according to the PBOC.

Anthony Indaimo, partner of international commercial law firm Withers, sees Chinese money still looking for European luxury brands, because Western brands, particularly those made in Italy, are seen as ultra-luxurious with a minimum 30 percent price premium in China.