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An unnamed MLR official said the move was in line with the central authorities' comments made at the Central Economic Work Conference in December that "houses are built to be inhabited, not for speculation."

And as offline promotions are discouraged, publishing houses and bookstores have chosen to go online to sell books around this year's World Book and Copyright Day, which falls on Thursday this year and is usually followed by large-scale promotions.

An opera performer plays Guan Gong during a cultural festival at the Xiezhou Temple of Emperor Guan. HU XUGUANG/FOR CHINA DAILY

Analysts said that despite the contraction in the global economy, Chinese enterprises' ODI will not only contribute to host economies' taxation and employment in the short term, but also help to sustain market confidence to support their long-term economic development.

Analyst said if these targets were met, China would be able to achieve a 16 percent storage level, which is similar to other large gas markets.