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"Despite the COVID-19 effect in the first quarter of the year, consumption in key sectors such as automobiles, home appliances, catering sector and commodities witnessed a stable recovery in the last few months, as the strict prevention and control measures to keep the disease at bay started yielding results," said Wang Bingnan, vice-minister of commerce.

"Feel the market, don't just go by meaningless numbers," Trump tweeted on early Tuesday. "I hope the people over at the Fed will read today's Wall Street Journal Editorial before they make yet another mistake. Also, don't let the market become any more illiquid than it already is."

"Developments in Sino-US trade frictions may cause fluctuations in cross-border flows, but the influence should be limited as market participants have got used to twists and turns in trade talks," Liu added.

"Due to the company's technology-driven business, TAL's future development is still promising, though faced with stricter regulations," he said.

"Facing lackluster new drivers and mounting downward pressure in the global economic context, China has enough resilience and huge potential to keep the economy on a sound track for a long time to come," Yang said.