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China's economy expanded 6.8 percent year-on-year in the first half of this year, above the annual target of around 6.5 percent.

China's home appliances market, he said, saw explosive growth a bit prematurely, so has been stable for a while now. But, given the consumption upgrade and Chinese consumers' pursuit of high-quality lifestyles, the appliance market has evolved to a stage where products need to be customized and smart, with focus on quality and value offered to the consumer.

China's latest regulation came as authorities have repeatedly highlighted the importance of containing financial risk as the country faces a build-up of debt, and booming new financial products challenge regulations.

China's first-tier cities Shanghai, Beijing and Shenzhen remain the most attractive destinations for real estate development, according to National Business Daily citing a report by research institute China Index Academy on Monday.

China's consul-general to Victoria and Tasmania, Zhou Long, said: "China very much appreciates the compassion, support and sympathy of the Australian people toward the Chinese people in our fight against the virus, and vice-versa. We are also doing everything possible to help Australia.