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Analysts noted that fears of a trade war between the largest two economies in the world caused turmoil in the global stock markets.

Analysts said BMW's move of making cars in China for the international market, which has been rare so far in the country's automotive industry, signals the joint venture's growing importance in the new era featuring trends like electrification.

Analysts predict decline in CPI by second half of next year after jump in October

And services for the remaining eight medium-risk regions are likely to resume in the near future, Wang said, adding that there are no high-risk regions in Shanxi province currently.

Analysts said that listed technology companies would be the biggest beneficiaries from the revised rules as the country's regulators intend to lower their financing barriers and encourage them to tap into the capital market for additional funding.