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An under-constrcution building had also collapsed in the district's Dasna area on June 22, killing two persons and injuring several others, he added.

And in China, "WeChat (owned by Tencent) has more than one billion active users and, together with Alipay, an Alibaba company, its payment solution has captured virtually the entire Chinese market for mobile payments. Meanwhile, Alibaba has been estimated to have close to 60 percent of the Chinese e-commerce market," the report said.

Analysts said the move by Goldman Sachs showed that foreign banks remain bullish about the prospects of their business in China as further financial liberalization is expected to bring more business opportunities.

Analysts said that there is likely to be a performance divergence among the banks starting from the first quarter as tightened regulation to curb financial risks and reduce leverage in the economy began to take effect.

And Guangzhou's measure of artificial intelligent industrial scale is planned to total more than 120 billion yuan annually by the end of 2022, he said.