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Anbang Insurance Group has walked away from a deal to acquire United States annuities and life insurer Fidelity & Guaranty Life for .6 billion after failing to get the necessary regulatory approvals, Reuters reported.

Andy Edwards, global director of brand and marketing communications of travel booking firm Agoda, also agreed that wealthy Chinese travelers seek adventurous, undiscovered destinations rather than going to common recreational resorts.

Analysts also cautioned that some factors like adverse developments in the China-US trade imbroglio, and a slower-than-expected recovery of the Chinese economy could dim the prospects of the yuan in the short term.

And, for those trying to keep up with the dispute, TheStreet.com has assembled a helpful map which breaks down the issue on a state-by-state basis.

Andy Zhao, president of Nielsen China, saw a resilient Chinese economy despite a more complex global economic situation.