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While growth may dip, China will also face the challenge of handling financial risks posed by such factors as increasing debt, high leverage levels, and shadow banking this year, analysts said.

While the accumulated precipitation during that time will be up to 14 centimeters in these areas, the maximum hourly precipitation may exceed 8 centimeters. Some of the areas will suffer strong convective weather that is characterized by strong winds and thunderstorms, it added.

While gloomy business sentiment persists, there have been encouraging signs that Hainan's revamp is on track. Despite a plummet in tourism in the first half of 2020, the island's duty-free sales hit 1.9 billion yuan (9 million) in May, up 147.9 percent from the previous year.

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Whisky has become increasingly popular in China as a growing urban population and middle class develops a taste for fine spirits.

While the US' biggest banks are reporting solid earnings this week, the sector could face some difficulty if the Federal Reserve cuts interest rates later this month as expected.

While undergoing the bankruptcy process, Hertz said it has more than 1 billion US dollars in cash on hand to support its ongoing operations.

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While Volkswagen's equity plans remain shrouded in uncertainty, BMW will be the first international carmaker to hold a controlling stake in its Chinese joint venture.

While affecting livelihoods in all regions of the country, "no deal" would also have a severe effect on the sector's ability to develop and manufacture the next generation of zero-emission cars and vans, it added.

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While there might be signs of a slowdown in the Chinese economy in the short term, the outlook is bright in the long run, Yanai said.

While boosting domestic consumption would be a significant factor for the Chinese government over the next five years, the country will remain open to the world as part of the "dual circulation" development paradigm, said Zhu Min, chairman of the National Institute of Financial Research at Tsinghua University, at a forum.