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And through an official account, "companies can broadcast messages and articles to their followers like a blog, but brands and service providers can also use these accounts to serve customers", Tang said.

Analysts said the authorities still have room to adopt a more accommodative policy stance in the second half of the year, and additional monetary easing measures could include a relaxation of loan quotas.

Analysts said more measures for steady and stable growth of the housing market are likely to be introduced across China, and more supply models for meeting various housing demands also will be found as the country vows to offer inclusive housing conditions to residents nationwide.

Ancient Chinese teachings tell us that "men of insight see the trend, while men of wisdom ride it". Humanity lives in a global village where the interests and destinies of all countries are intertwined. People across the world increasingly yearn for a better life. The trend toward peace, development, cooperation and mutual benefit is unstoppable. History has proved and will continue to prove that good-neighborliness will prevail over a beggar-thy-neighbor approach, mutually beneficial cooperation will replace zero-sum game, and multilateralism will win over unilateralism.

Analysts say move will encourage more international competition and grow industry