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China's top 100 real estate companies' accumulated revenue accounted for 55.55 percent of the country's total, up 10.7 percentage points from a year ago and exceeding half for the first time, CRIC said.

China's plans to bolster its business environment for both foreign and private investors have also been recognized by the World Bank. In its survey report which was published earlier in November, China was ranked 46th, up from 78th last year, in terms of the ease of doing business. The bank also hailed Shanghai's progress in improving the efficiency of the business environment.

China's service trade totaled 2.23 trillion yuan (5.2 billion) during the January-June period, down 14.7 percent year-on-year, data from the Ministry of Commerce showed. The country's service exports outperformed imports in recent months, with the service trade deficit narrowing 46.1 percent from the same period last year to 401.7 billion yuan in H1.

Chinese State Councilor and Foreign Minister Wang Yi and EU's High Representative for Foreign Affairs and Security Policy Josep Borrell meet in Madrid, Spain, Dec 16, 2019. [Photo/Xinhua]

China's top policymakers gathered at the annual Central Economic Work Conference held from Dec 10 to 12 in Beijing. The meeting stressed the importance of stabilizing the country's economic growth and maintaining the proactive fiscal policy and prudent monetary policy to ensure high-quality growth.