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Analysts said PPI growth will remain largely stable this year but will be lower than last year on average.

Analysts noted that fears of a trade war between the largest two economies in the world caused turmoil in the global stock markets.

And the total number tests needed to prevent the disease from spreading at work and when schools reopen in the fall are beyond current capabilities, they said.

And they are among the most earnest to embrace digital wallets. An overwhelming 87 percent ranked e-payment as the top choice for purchases, while 83 percent use the payment method on a daily basis.

Andrew Miller, CEO of Dajia US, told China Daily: "We've been working so hard with so many people to develop this vision of the project. To have the opportunity to finally show that vision to the city and to the world is incredibly exciting and validating for all of us. I believe that New Yorkers in particular and everyone who has a Waldorf story … (are) going to be excited about the rebirth of this icon."