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"Buyers are comparing the price and location of proper-ties carefully. In the past, buyers would flock to projects with price appreciation out of fear that they would no longer be able to afford them if they wait. Those kind of buyers have disappeared", said Lu.

"China is now showing its charm in the new era, providing more chances and opportunities to the world, and will be an attractive dreamland to the younger generations worldwide," he said.

"China has more than 150 million stockholders and the stock market has become increasingly close to people's daily lives, so safeguarding their legitimate rights by the rule of law is the responsibility of courts nationwide," Liu Guixiang, a senior judge of the top court, said when explaining the guideline on Friday.

"China is playing an increasingly vital role in our global market. The revenue from the Asian market has accounted for nearly 20 percent of our global revenue. Camera sales in this region contributed more than 30 percent of our camera sales globally."

"China is one of the most important markets for us. Although this market only accounts for about 5 to 6 percent of our sales today, there is a lot of potential for growth as Chinese consumers are becoming increasingly adventurous when it comes to fashion."