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Analysts said the new natural gas pipeline would further diversify China's sources of gas imports and followed the China-Russia crude oil pipeline, the China-Kazakhstan oil pipeline as well as the China-Myanmar crude oil pipeline, which started operations on Monday.

Analysts said demand for gold jewelry in China has been driving the global gold industry for long. "Demand for gold jewelry had bottomed out in 2016 after a strong price recovery curbed jewelry spending that year, amid world economic growth challenges and weaker consumer sentiment," said Zhu Yi, senior analyst of metals and mining at Bloomberg Intelligence.

An unmanned express delivery vehicle runs to a Cainiao Network Station in Xiongan New Area, North China's Hebei province on March 31, 2019. The unmanned express delivery vehicle, independently researched and developed by Cainiao Network, Alibaba's logistics arm, was recently put into service at Xiongan citizen service center. The new energy vehicle can convey about 200 small packages at one time from delivery station to intelligent cabinet. [Photo/Xinhua]

Analysts said Yi's comments may help ease financial market panic as a sharp sell-off on Wall Street shook global equity markets, pulling down Asian and European stocks on Thursday.

Analysts also forecast slower but stable growth for the rest of the year, expecting a cooling property sector and reduced leverage weighing on growth.