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Beiyuan's infrastructure spending needs to get two-thirds of votes from a 37-member council meeting.

Bianlifeng also uses a big data system to learn about its best-selling food and to analyze customers' preferences, enabling it to respond quickly to market demand by launching new products and phasing out unpopular ones. For example, it carries out online research on five product categories every week, and makes improvements according to the research results.

Between April and June, credit and developers financing channels began to tighten again. Control policies carried out by some cities also affected market expectations. During the second quarter, the average monthly transaction amount fell 21.5 percent from March.

Besides mergers and acquisitions, China has made it clear loss-making "zombie enterprises" in glutted industries that cannot make a turnaround or counteract structural adjustment should be phased out.

Besides supporting small businesses, analysts say the RRR cut will ease the liquidity strain in the interbank market. It represents another sign of the central bank's policy adjustment, not a shift of monetary stance.