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And, the World Bank issued a statement supporting China's monetary policy. "The Chinese authorities have policy space to respond and have announced a sizeable injection of liquidity, which should help mitigate the costs to economic growth."

Anbang purchased New York's famed Waldorf Astoria Hotel in 2014. It also bought the Belgian banking operations of Dutch insurer Delta Lloyd NV, Belgian insurer Fidea Assurance and Dutch insurance company VIVAT.

Analysts believe the intensive measures will help China meet increasing domestic demand, achieve balanced trade and share development dividends with rest of the world.

And in places where malls have faltered, omnipresent Amazon has moved in.

An online exhibition about the Terracotta Warriors, listed as a wonder of the world, will be launched on Friday on the official website of the China Cultural Center in Sydney, Australia, the Shaanxi Department of Culture and Tourism announced.