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China Vanke Co, a leading residential property developer, launched Beijing's first batch of rental housing in the capital's northern outskirts in April. The two types of apartments, sized 90 square meters and 180 sq m respectively, commanded monthly rents of up to 18,000 yuan (,648) and 40,000 yuan respectively, far higher than 6,000 yuan for a 90-sq-m flat nearby. The longest tenure of a lease contract for this kind of home can be 10 years. So, renting a 90-sq-m flat for 10 years could set one back by 1.8 million yuan.

China Literature remains the one and only survivor, with its share price managing to sit above the IPO price. However, it has plunged more than 40 percent from earlier highs.

China Vanke said earlier this week that its sales revenue reached 62.23 billion yuan in December, which brought the company's sales for 2017 to 529.88 billion yuan.

China and Europe should also firmly move forward the steady and long-term development of bilateral relations to inject more stability and positive energy into international society on the basis of equal treatment and win-win cooperation, he said.

China and Burkina Faso resumed diplomatic relations on Saturday, after the West African country severed “diplomatic ties” with Taiwan on Thursday.