Policies to curb property bubbles may weigh on sectors related to the housing market around the second quarter of next year, but the impact might be limited, predicted Ren Zeping, chief economist at Founder Securities.

China's industrial output expanded 6.1 percent in October, largely due to strong performance in the high-tech and equipment manufacturing sectors. It is the eighth consecutive month industrial output has exceeded 6 percent.

China's service sector grew at its fastest pace in four months, braced by growing new orders, with the Caixin China General Services PMI (Purchasing Managers' Index) standing at 52.4 in October.

Despite anemic foreign trade demand, China's economy is stabilizing if judged from the perspective of company output, Jiang said, adding that the pace of China's consumption growth has remained tepid in recent months.

The most important task for the Chinese economy is reform, including reforms targeted at restructuring state-owned enterprises (SOEs) and improving growth quality, Jiang said.

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