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Analysts expected more easing measures to be rolled out early next year to boost the manufacturing sector.

Angela Santomero

And as core inflation remains stable, it is unnecessary for policymakers to specifically respond to rising consumer inflation.

Analysts said that banks' annual results showed that consumption-related loans are growing fast, reflecting the overall trend of China's economic growth pattern which is shifting from intensive investment-driven to consumption driven.

Ana Goguadze, a Georgian Sinologist and founder and president of Georgian-Chinese media platform Sinomedia, said that China has opened its door to the world and "showed its power and humanity" at the same time.