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Commercial partnership

Compared to the significant drop of sale transaction, the price of the used home drop was relatively mild in the Beijing.

Commercial vehicles, including buses and trucks, have also recorded a decent sales performance so far this year.

Commenting on the forecast, Chinese energy strategy expert Ruquan Lu told Xinhua that he agreed with the assumption. "According to our estimation, China's oil demand will reach 700 million metric tons per year around the year of 2025, of which 500 million tons will have to come from import," said Lu.

Companies are concerned about Hong Kong's current situation because there has been a downturn in tourism and retail sectors. But they were also looking at a broader portfolio and Hong Kong's advantageous position as part of their global strategy, he explained.