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Ancient statues of Guanyin, the Buddhist Goddess of Mercy, at Longquan Temple in Taishan Scenic Area in Taiyuan, Shanxi province. LI YONGJIANG/FOR CHINA DAILY

Analysts said the index, along with the renewed expansion momentum of China's manufacturing sector last month, signaled improvement in the economic situation, though policies to cushion downside pressure are still needed amid intensified trade friction between China and the United States.

An unemployed 24-year-old man suspected of a three-week bombing campaign in Texas that killed two people and injured five others blew himself up on the side of a highway as police closed in on him early Wednesday, authorities said.

Analysts expected that some Hong Kong or US-listed tech giants will likely be selected for the CDR program.

An official with the commission who declined to be named said the economy is expected to remain on the right track in the second half despite some uncertainty, as the government is prepared for downside risks and there are policy tools to smooth out downward pressure.