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Analysts were confident the performance of the real estate market will improve further in the second quarter given the steady demand in the sector.

Anhui Province has activated the highest-level emergency response for flood control due to the grim situation.

An said the Chinese mainland will continue to make efforts to expand and intensify economic and cultural exchanges and cooperation with Taiwan, and promote personnel exchanges across the Straits.

An optimized structure of exports and a tailwind in the import sector, has delivered double-digit growth in Shanghai's import and export volume in the first half of this year, for the first time since 2012.

Analysts warned that China's corporate sector was feeling the stress and expected a tougher time, as funding costs were rising and could rise further, while credit would become harder to access, especially for small and medium-sized firms.