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"Cutting interest rates could be a choice for the Chinese central bank, and there is opportunity to cut interest rate

"Compared with scenarios of dining together with others, the overall proportion of solo diners is still relatively small. Restaurants can set aside 30 percent or less of their total tables as individual tables, and gradually add more such tables based on market demand," said Zhao of LeadLeo.

"China's macroeconomic indicators, however, remain stable at the moment, with GDP growth rate in the range of 6.7-6.9 percent for 12 quarters running. I believe Chinese companies and foreign companies in China are able to survive this, achieve better development," he added.

"Chinese consumers are fully adapted to online shopping and China's AI-driven personalization is far ahead of what we see in the West," he told Xinhua after a keynote at a special session on e-commerce's future on Wednesday.

"Consumption is expected to rise around 2 percent year-on-year in July as China's consumption market will further warm up in the second half," Tang Jianwei, chief researcher of the Bank of Communications, told the paper.