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Liu Min, an analyst with global foreign exchange trade platform FXTM, said expectations of China's foreign exchange reserve remaining stable could provide certainty to the global financial market and help calm global investors' risk-aversion sentiment.

Liu Xianfa, Chinese ambassador in Kenya, urged Kenyan students to learn the Chinese culture and heritage. [Photo by Lucie Morangi/chinadaily.com.cn]

Liu promised policy support, including subsidies, for companies participating in poverty reduction, and added that the administration will also move to cut red tape and improve government services in poverty-stricken areas.

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Liu said he believes that in addition to the easing of the civil unrest in the city, the property market in the coming year will also get a boost by the phase-one Sino-US trade deal and an expected interest rate cut by the US Federal Reserve.

Liu called for more favorable policies for new businesses springing up amid the outbreak, such as online education and robotics.

Linkedin has seen its Chinese users grow more than 10 times to top 47 million since its official entry in China in 2014.

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Liu said he hopes that ChiNext will better serve high-growth, innovative enterprises and startups and complement other submarkets in supporting more quality firms getting listed in mainland bourses.

Liu said retail sales growth has been dragged down by some seasonal factors and delays in automobile purchases as residents looking forward to tariff cuts held onto their cash. The government pledged to cut import tariffs on automobiles and auto parts this year.

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Liu Yanqi, an analyst from Haitong Securities specializing in steel industry, said the sector will continue to show promising growth as the country's environmental protection moves and cold weather in the coming winter may limit production and further push up prices.

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