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Their expectations are well-justified. China's Consumer Price Index (CPI) grew by 5.4 percent year-on-year in 2011, while its benchmark Shanghai Composite Index has fallen below 2,500 points, a dramatic drop from its peak of 6,000-plus points several years ago. Although market cooling measures have helped to rein in the cost of housing in urban China, many low- and middle-income Chinese still believe affordable housing is beyond their reach.

"The scrutiny that the city is undergoing (the 100-day crackdown) will make sure there is better security and public order in the city," Fu said.

The State Council, China's Cabinet, has unveiled a decision to amend the Regulation on Compulsory Traffic Accident Liability Insurance for Motor Vehicles, which takes effect on Tuesday.

China hopes the two countries will cooperate more frequently on significant international and regional issues and make constructive contributions to the world's peaceful and stable development, he added.

Jia said China appreciates Cambodia's firm adherence to the one-China policy and steady support for China on issues involving Tibet, Xinjiang and other major issues.