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"Declining sales growth does not mean we are experiencing consumption downgrading," an industry expert said. "In fact, sales growth of luxury cars and joint venture-branded cars are still much higher than that of Chinese-branded cars with lower price tags."

"Despite some structural highlights, the slower growth in production, investment and consumption means that we are likely to see a slowdown in economic growth in the third quarter," Orient Securities said in a new research note. "We need to focus on the infrastructure investment, which will be key to stabilize the investment."

"Each branch offers different classes at specific times. I pick my preferred class at a suitable time, and then go to that branch for the class. The gyms are open 24/7, and the membership card is valid countrywide."

"Deleveraging should continue, but in a more moderate way. The baseline is to ensure no further risk will rise amid economic stabilization," said Huang Yiping, deputy dean of the National School of Development at Peking University, who was a former central bank adviser.

"Facing the unprecedented need for bicycles, it is only possible for Chinese manufacturers to make delivery because China has brought COVID-19 under better control across the nation and has a complete production chain in place," said Qi Xiaozhai, director of the Shanghai Commercial Economic Research Center.