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Analysts said the US move is a challenge to the World Trade Organization framework, and the United States is playing a panic stratagem with its trade partners.

And 17 out of 19 products of Greenwoods Asset Management suffered losses. One fund product managed by the company's founder Jiang Jinzhi even had a 17.2 percent loss.

Analysts said to fulfill the intended results and avoid market fluctuations, rules of new board need to be designed wisely.

An urgency bill requires a two thirds majority vote, and the LA Times says its unclear whether the California legislators supporting the measure have the votes to pull it off.

Ancha forecast that China would remain a big buyer of Thai fruit for the rest of the year, accounting for about 40 percent of the country's fruit exports. Thailand is likely to produce large number of tropical fruits and will generate as much as 113 billion baht in export revenues this year, he said.