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And Conte said he is also happy that Xi plans to visit Palermo, the capital of Sicily, a city Conte described as "beautiful" and "at the crossroads of East/West cultures". He said the visit to the island was like"a tribute to President Mattarella", who was born in Palermo.

Analyst Kang Hui, however, said when fuel prices rise, home prices travel south generally. "The NBS data is a bit lagging as it is collected after the deals are completed, and the August data also showed top-tier cities' home prices are much more stabilized than those in lower-tier cities."

Analysts, however, said China's full-year economic growth might decrease moderately.

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.

An up-close look at HomePod. (Apple Photo)