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Analysts said the moves will help offset the effect of financial regulatory tightening and real estate cool-off and help the country maintain stable growth in the coming months.

Analysts, however, said the situation does not require home-owners to be pessimistic as it was brought about by an unprecedented 315 restrictions imposed on the market in the first eight months of this year.

And this can be achieved by hosting livestreaming sessions, a popular way of remotely engaging buyers expedited by the social distancing policy. Alibaba is expecting some 400 company executives and 300 internet celebrities to endorse a variety of offerings, including even eye-catching bigger items from automobiles to apartments.

Analysts said consumption is expected to continue to rise on the back of strong demand and growth in high-end sectors like jewelry.

Ana Goguadze, a Georgian Sinologist and founder and president of Georgian-Chinese media platform Sinomedia, said that China has opened its door to the world and "showed its power and humanity" at the same time.