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Anderson said the financial sector is also where the balance sheets are relatively "sound and stable" despite regulatory scrutiny against the global financial crisis.

Analysts said the meeting signaled an important policy direction by showing that the government is shunning stimulation through boosting the property market, which is the right way to deal with economic weakening.

Analysts at Morgan Stanley believe a premature effort to restart the economy could cause further disruption and delay the return to normality.

Analysts have put the total loss inflicted by Hurricane Michael to be between 15 and billion.

Analysts said that China's outbound investment activities will pick up for the remainder of the year and projects that are in line with the country's overall economic policies will continue to be supported by the government.