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Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations with China."These steps individually and together help to reduce global trade policy uncertainty, something markets have been craving for months," Karolyi told China Daily."It is more than just symbolic, as lower trade policy uncertainty likely means more trade flows and greater cross-border portfolio and corporate investment flows, all of which stimulates more economic growth," he said.

And the firefighters have not determined yet the exact cause of the blaze.

Ang said that Fortive achieved double-digit growth in the third quarter of this year in China, and the annual performance is also expected to be positive this year.

Analysts said the lottery system will benefit buyers of smaller, lower-priced properties that are in limited supply and hence in high demand.

An said, "Some say vinyl records will eventually die out and be replaced by digital music, but I don't think so." He added that vinyl records offer the purest form of music for people to enjoy.