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Analysts believe the outstanding performance of China National Petroleum Corporation, the nation's largest oil producer and supplier, is expected to continue in the next six months, after its net profit soared 16 times higher than expected during the first half of 2017.

And the increasing expenditure goes to more sophisticated and experiential activities, according to a report by consultancy Oliver Wyman, which showcased that overall trip spending surged against a precarious drop dedicated to shopping when the Chinese travel overseas last year.

Andrew Coak, a housing assistance case manager at the Downtown Emergency Service Center, believes the business community is peddling a false narrative. He challenges accusations that the city is wasting taxpayer dollars and failing to address the homelessness crisis.

Analysts from China International Capital Corporation Limited wrote in a note that the reverse repos will be able to give enough room to financial institutions in terms of providing support to the micro and small-sized enterprises and privately owned companies.

Analysts said the country can continue to keep reserves within a reasonable range, and fluctuations are to be expected in an increasingly open economy.