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Analysts said the move is more of a policy fine-tuning, aimed at strengthening the market's confidence on liquidity, instead of the aggressive stimulus or high-profile monetary easing.

And Shandong officials aren't just targeting their own province. To promote Confucianism worldwide, provincial officials are working with the Nishan Forum on World Civilizations, World Confucian Conference and Nishan Book House, according to Wen Shanchang, head of the foreign liaison division of the Shandong Provincial Department of Culture. Nishan Book House, launched by Shandong Friendship Publishing House in 2012, is devoted to providing quality Chinese books to foreign readers and accelerating the appreciation of outstanding Chinese culture around the world. According to Wen, the overseas book houses are established in the Confucius Institutes and public libraries, as well as the schools and libraries organized by the ethnic Chinese in more than 20 foreign countries, including Russia, Austria, New Zealand, the United States, Italy, Argentina, the United Kingdom, Germany and South Korea.

Analysts said the pick-up in consumer inflation is unlikely to continue because of a high comparative base in September 2016 and the fading effects of seasonal factors during the rest of the year.

An opinion poll conducted by the Mainichi Shimbun on Nov 11-12 showed that 66 percent of the interviewees said the country's parliament does not have to rush to revise the Constitution. Twenty-four percent said the legislature should.

And there seems to be plenty of room for newcomers also, with 47 percent of businesses generating a positive return on their investment in Asian operations within three years.