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"But public housing is not the best answer to deal with housing problems after construction," Yan said. "The government may introduce programs allowing tenants to first rent and then purchase, but at low prices."

"China now focuses less on planning for pursuing GDP targets. That is a major difference compared with past practice," he said.

"China could take advantage of the lower crude prices to start filling in its SPR, as the country is still shy of its target of 900 million barrels, equivalent to 90 days of the country's net imports," Luo said.

"But the proportion of local government debt should decrease, to ease pressure on the local authorities and reduce the difficulty of debt risk prevention and control as a whole," said Liu.

"China continues to be a growth market with attractive prospects for Clariant. This investment will be of great benefit to our company's positioning and customer proximity in the entire region," said Hans Bohnen, COO of Clariant.