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"Compared with large State-owned commercial banks and national joint-stock commercial lenders, city and rural commercial banks, also known as small and medium-sized banks, are weaker in terms of the capital adequacy ratio. They also demonstrated significant regional differences in their interim results. Some of them are financially stable, whereas some are facing major risk exposures," said Michael Hu, PwC China financial services partner.

"Coal, electricity, oil and natural gas supplies are abundant and sufficient to cater to demand," Tang Shemin, an official from the National Development and Reform Commission, told a news conference.

"Chinese cities performed very well with great potential to improve further in years to come given their relentless drive to modernize," said James Shepherd, managing director, Greater China Research at Cushman & Wakefield.

"Currently, China Mobile, the country's largest telecom operator, has as many 4G base stations as those of China Unicom and China Telecom combined. That could also be the case in terms of 5G base stations in the future," the research note added.

"Contradiction between the US and DPRK is the core of the Korean Peninsula issue, as direct parties, the two countries should enhance mutual understanding and build mutual trust through dialogue to create conditions to finally resolve the issue," he said.