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Andrew Mattock, a portfolio manager at Matthews Asia who manages the firm's China strategy, said US-listed China stocks were down on average more than 30 percent at the end of 2018.

An overall plan should be made to prevent major risks, carry out targeted poverty reduction and control pollution, said a Political Bureau of the Communist Party of China Central Committee meeting, presided over by Xi Jinping, general secretary of the CPC Central Committee.

An official with the ministry's Food and Drug Crime Investigation Bureau said public security organizations will step up efforts to crackdown on infringement and counterfeit crimes. They also will eliminate the breeding ground for such crimes to protect the legitimate rights and interests of consumers and domestic and foreign enterprises.

Analysts said the two parties are likely to jointly explore a new model to meet demand amid fast growing pre-owned home transactions and tap more segmented markets along the value chain of real estate development and maintenance, such as decoration, property dealing, property management and residential community services.

And not everyone is cheering.