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Analysts cited sluggish demand, especially externally, as the biggest downside risk to China's economic recovery after the pandemic sparked recession risks across the globe.

Angry comments flooded Twitter after Paul, who gained notoriety on social media and has a popular video blog or "vlog", apologized for the footage, which was reportedly viewed 6 million times.

Analysts said that the reform measures are an example of China's efforts to deepen market-based reform in the financial and banking industry. It is also a response to the top leadership's call for improving the role of the financial industry to better serve the economy and support smaller businesses which is crucial for the country to achieve the goal of ensuring stability in key areas such as employment and people's livelihoods.

Angle regards China and the United States the two world leaders in service robots, and he expects that to continue, especially as the Made in China 2025 initiative will help companies in China to succeed.

Analysts expect that the STAR Market, which debuted in late July with 25 listed firms, may have at least 50 listed firms by early November, the China Securities Journal reported.