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China's benchmark stock index rose to a six-month high on Wednesday, reflecting investor confidence in the strength of the economy following the central bank's interest rate hike.

Real estate tycoons in China have seen their wealth shrink by 25 percent over the past three years thanks to government attempts to curb the rampant property speculation in the city.

Beijing is now on the brink of getting its very own Pudong with the transformation of historic but shabby Tongzhou in the southeast of the city from commuter dormitory to business, entertainment, health, education, industrial, high-end residential and recreational hub.

Foreign direct investment (FDI) in China registered another monthly single-digit growth in September. Government officials and experts say they're still confident about the nation's FDI prospects although they do have concerns about a slow-down.

China-Africa trade is expected to bounce back to "pre-crisis levels" and is on track to hit a record high of more than $110 billion this year, the Ministry of Commerce said.