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The contradiction between media reports and bank statements showed the existing home loan policies require coordination in accordance with central government's guideline for eliminating speculation. Other key factors are banks' home loan targets, and stable market demand, which could sustain a policy favorable to home-buying, said Yan Yuejin, research director at the E-House China R&D Institute.

The country's SOE sector has become a major target for the ongoing deleveraging drive, which aims to rein in mounting debt and guard against financial risks.

The contract for settlement in September 2019 opened 0.07 percent lower at 98.435 yuan. The contract for settlement in December 2019 had no trading at opening.

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The country had less than 120,000 restaurants 40 years ago, compared with 8 million restaurants by the end of 2017.

The country has long been committed to creating favorable conditions for businesses by reducing customs clearance time, supporting cross-border e-commerce and promoting diversification of export markets. China ranked 56th last year in the ease of trading across borders, a jump from 65 in 2018, according to the World Bank's Doing Business 2020 report.

The country has been investing heavily in new energy in recent years. According to a global trend in renewable energy investment report by the UN Environment Programme and Bloomberg New Energy Finance, China was the world's leading investor in renewable energy in 2017.

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The construction of the Shanghai section of the Husuhu Railway, which links Shanghai, Suzhou of Jiangsu province and Huzhou of Zhejiang province, began on Friday, marking a step forward to enhance the Yangtze River Delta integration.

The conference invited more than 150 overseas representatives from member cities of the International City Alliance of Springs Cultural Landscape and urged all to unite and work together for the protection of cultural heritage and urban sustainable development.

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The country's GDP expanded 6.3 percent in the first six months of this year, in line with the government's annual target of 6 to 6.5 percent, official data showed Monday.

The consumption upgrade and positive economic outlook have also attracted record overseas investment into the real estate sector.