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Chinese authorities have constantly reiterated that "houses are built for living in, not speculation," pledging to step up housing system reform and foster a long-term market mechanism.

Chinese and European tire firms have enjoyed close cooperation, and the EU-initiated probe will not only undermine the interests of Chinese enterprises, but also affect the development of the EU tire industry and the benefits of its own consumers, Wang said.

Chinese parents continue to desire apartments adjacent to high-ranking public schools; and such properties, be they in China or overseas, command premium tags, industry insiders said.

Chinese police caught more than 5,000 people suspected of privacy infringement from January 2016 to May 2017. Of those, about 450 were industry insiders, the report said, citing data from the Ministry of Public Security.

Chinese banks' lending in yuan, a leading indicator for the real economy, surged in March by 1.69 trillion yuan (2 billion), up 52 percent from a year earlier, according to the People's Bank of China, the central bank. The manufacturing purchasing managers index for March, which was back into expansion territory, may be a sign of accelerating industrial activities.