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"For many Chinese, mobile payment has become an essential part of their everyday lives. It not only changes the lives of young people, but also provides convenience for the elderly," said Zhang Jianjun, an economist based in Gansu.

"Given that growth in the past decade or so was very much driven by debt-financed investment, deleveraging may lead to a sharp reduction in investment," Molnar said. "Therefore it is important to make sure that investment projects with a net present value obtain financing."

"Generally speaking, QuestCore is the most intelligent and cost-effective video analysis chip in the world," said Lu Hao, YITU's chief innovation officer, adding that it is 100 percent designed and manufactured in China.

"Given the unprecedented state of play in the economy at the moment, the data is also extremely fluid and would produce a less instructive forecast," a senior administration official was quoted by the Post as saying, adding it would be "foolish" to publish forecasting data when it "may mislead the public."

"For dealers, the battle for customer loyalty and pocket now starts right from the beginning. New-vehicle warranties may help ensure dealers retain a relatively high volume of visits, but it is still not a guarantee of market share."