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The right way to handle trade frictions is to make the cake of cooperation bigger and find solutions acceptable to both sides through dialogue, said Zhang, who once served as Chinese ambassador to the US.

The right approach for the US is to face up to its own problems, try to find a solution through dialogue and consultation and work for the shared interests of all.

The result was a combination of factors, including the current economic climate and declining consumer confidence, Yao Jie, deputy secretary-general of CAAM said on Friday.

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The research, which surveyed 2,800 men and women aged 20 to 65 with household incomes of at least ,000 in the US and a similar demographic in China and India, looked at a range of consumer indicators on how they were feeling in the current environment, gifting intentions for the holiday season and preferences for engaging with brands and retailers over the coming months.

The rules require investors to report basic information including the source and scale of yuan funds, investment plans and their overseas positions to the central bank's Shanghai headquarters.

The report, released by the China Academy of Information and Communications Technology, said the number of active WeChat users last year helped directly drive 174.3 billion yuan (.3 billion) of information-sector spending, an increase of 26.2 percent on the previous year.

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The rollback of the restrictions, which took effect on July 28, is part of China's new cuts on foreign investment limitations, jointly released by the National Development and Research Commission and the Ministry of Commerce.

The rumor became public when Hu Jinghui, former vice-president of 5i5j, told the media that major rental service operators were competing to get homes by raising rental fees. He left the company soon after, and two companies he had mentioned refuted his comments.

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The report warns that "the impact of a spiral of additional tariffs and retaliations would not only dampen growth of these large economies, but also have severe spillover effects on the developing economies, particularly those with high export exposure to the impacted economies. A more protracted period of weak international trade activity could also harm investment prospects and adversely affect productivity growth in the medium term."

The results of the study are based on data from the most recent Global Burden of Disease study, a systematic, scientific effort to quantify the magnitude of health loss from all major diseases, injuries, and risk factors by age, sex, and population.