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An online festival, dedicated to the cultural and creative exchange between China and the United Kingdom, has been launched on Oct 9 by the British Council.

Analysts said the move would boost sales of premium cars in the country, but the impact on the market as a whole may be limited.

Analysts said amendments to current policies may help ease the pressure on Chinese parents to buy strategically located but ordinary properties at premium prices.

Angelica Valenzuela, marketing manager at Wines of Chile, said the free trade agreement between China and Chile, in effect since 2006 and updated in March, helped boost wine exports to the Asian giant by between 30 percent and 50 percent a year.

And non-governmental companies have played bigger part in Guangdong's foreign trade with Greece. Private-run companies represented more than 70 percent of the province's total import and export volume with Greece, the statement added.