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Andrew Haskins, Colliers International's executive director of Asian research, said, "Looking ahead, we expect China's Belt and Road Initiative to provide an additional incentive for Chinese enterprises to invest in Asian property."

Analysts said lower tariff will encourage people to buy imported products at home instead of overseas, which boosts domestic consumption.

Analysts said economic expansion may pick up in the next few months after the effects of the country's bolstering measures take effect.

Anhui province's GDP reached 1.75 trillion yuan in the first half, up 0.7 percent from a year earlier. The growth rate also outperformed the national GDP growth of－1.6 percent in the first half. The agricultural sector reported the most significant annual growth rate of 1.2 percent during the first half.

Analysts from Beijing-based market tracker Qimingpian wrote in a survey released in April that Chinese food and beverage companies, especially those with a larger domestic market share, have accelerated mergers and acquisitions in overseas markets. Chinese companies carried out at least 31 major overseas mergers and acquisitions between 2013 and 2018.