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An out-of school English-language class is held in Zhengzhou, Henan province. [Photo/VCG]

Analysts estimate that a reasonable valuation of Toshiba's chip business is between .5 billion and billion, and those familiar with the matter say that the second-highest bidder offered in the region of trillion at the end of March, according to a Bloomberg report.

Analysts say there are hopes a visit to the United States beginning Tuesday by a high-ranking Chinese official will ease trade tensions and maintain steady bilateral ties.

Analysts attributed the improved performance of steel, non-ferrous metal and other cyclical sectors to the country's supply-side structural reform, which, aimed at downsizing saturated industries and economic rebalancing, has prompted a rebound in commodity prices.

An unverified report began to circulate widely on social media on Wednesday, suggesting that a pilot's error caused the incident and the crew members made a "mayday" distress call to air traffic controllers.