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Analysts predicted the economy will continue to grow in a stable manner in the second quarter, despite some unfavorable factors.

And that last comment explains a lot. A Hill-HarrisX poll conducted earlier this year found that a majority of Americans aren’t interested in tougher regulations for big tech companies.

Angel Saz-Carranza, director of the ESADE Center for Global Economy and Geopolitics, said the growing threat of protectionism in recent times has made open and collaborative China-EU relations more important. He urged the two governments to work on establishing further clarity in investment rules.

An optimized structure of exports and a tailwind in the import sector, has delivered double-digit growth in Shanghai's import and export volume in the first half of this year, for the first time since 2012.

Analysts said the scale of reserves will remain stable and could rise slightly in the coming months given fluctuations in global financial markets that may push up the value of the Treasury.