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"During the past five years, China's business environment has seen continuous improvement in terms of institutional systems, simplified administration, delegated power, improved regulation and law enforcement, government services and satisfaction among enterprises, which has effectively promoted the sustainable and healthy development of the economy and society," Lin said.

"Energy companies stayed old school for a very long time due to high oil prices - it was easy to make money just doing what they did. The price drop forced them to find innovative ways to make a profit," said Li.

"Declining transactions, tightened regulations and punishment over unauthorized agents' behavior are the major reasons behind a batch of real estate agents shutting down," said Zhang Dawei, chief analyst with Centaline Property.

"Evacuations should be carried out as early as possible," he said.

"During the second quarter, the onshore spot rate of the renminbi against the greenback is expected to hover around the current 6.7 without any big fluctuations," said Mei Dongzhou, an associate professor from the Beijing-based Central University of Finance and Economics. "It may even head for 6.6, as previous appreciation themes should continue."