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Analysts suggested more property companies are likely to join the promotion.

And just as Amazon forced competitors to offer their own free 2-day shipping promise, RBC thinks history will repeat itself with one-day shipping. The firm predicts that “once Amazon builds an even greater loyal user base with free one-day delivery, the industry may have to follow, again.”

Analysts said the issue is related to cross-border information transferring and sharing. Authorities in different countries are always wary of protecting their citizens' information security.

Analysts hold there is room for further tax reductions through measures such as lowering corporate income tax and expanding the scope of expense reductions for enterprises. Currently, China has three brackets for value-added taxes at the ratios of 17 percent, 11 percent and 6 percent respectively. The country can reduce the three brackets into two in the future, analysts suggest.

Analysts surveyed by Dow Jones expected payrolls to fall by 8.333 million, pushing the unemployment rate to 19.5 percent in May from 14.7 percent in April. The unemployment rate was 3.5 percent in February.