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Rather than spend or invest, 58.3% of survey respondents said they preferred to save their money, according to a People's Bank of China second quarter report.
The trip is for the 25th anniversary on Friday of Hong Kong's handover to China from British colonial rule.
"While most high-profile lockdowns were relaxed in May, June data do not show the powerhouse bounce-back most expected," according to a report released Tuesday.
A leader of the U.S. Federal Communications Commission asked Apple and Google to remove TikTok from their app stores over China-related data security concerns.
Overseas travelers now only need to quarantine at a centralized facility for seven days upon arrival in mainland China, followed by three days at home.
Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China's EV market.
Wall Street is set to wrap up the worst first half for stocks in decades this week.
In the very near term, strategists see a window of positive momentum for an oversold market and say the quarter-end period could be a time for some quick gains.
The major averages are looking to snap three-week losing streaks.
Growth in online sales is slowing, while new players eat away at Alibaba's market share, data show.
Chinese President Xi Jinping made a rare statement Wednesday about his country's aims to achieve its economic targets for the year.
After a brutal week for markets, Fed Chair Jerome Powell will testify before Congress about the central bank's increasingly aggressive plan to fight inflation.
Chinese President Xi Jinping on Friday spoke via video at a St. Petersburg International Economic Forum plenary session opened by Russia's Putin.