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Angela Wang, the owner of a decade-old hair salon in Flushing, said one-third of her regular customers used to be non-Chinese, but two days after her employees started wearing facemasks, these clients all stopped returning. There has also been a significant drop in the number of her Chinese customers.

And the nation’s massive export sector may start to feel a larger impact from tariffs, as Washington imposed 25 percent tariffs on billion of Chinese imports on Friday, drawing rapid retaliatory duties by Beijing on the same amount of U.S. exports to China.

Analysts said the central bank's intention to keep liquidity stable is clear and Tuesday's operations will help ease the short-term liquidity squeeze.

An online store will be launched by the group on the JD platform in October or November, selling some 200 Bordeaux wines, including reds and roses costing from 100 yuan to 500 yuan ( to ) a bottle, Sichel said.

Analysts said the international market has substantial potential for China's SOEs.