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Shanghai will see a boom in new shopping mall openings this year, indicating strong market recovery and confidence in consumption, a recent report and experts said.

Experts tracking China's debt-laden property industry generally adopt a cautiously optimistic tone, but one thing they unhesitatingly agree is that central and local governments' measures have laid a solid foundation for a market recovery, if not a fresh boom.

The State Council's call for a "one city, one policy" approach to the property sector has indicated that more policies with a precise focus on the local housing market will be worked out, which will ensure the healthy and stable development of the residential property market, industry experts said.

The US' politicization and weaponization of technology, economic and trade issues will not stop China's development, and will only hurt the US itself, Mao added.The latest US export controls include restrictions on the export of some types of chips used in artificial intelligence and supercomputing, and tightened rules on the sale of semiconductor manufacturing equipment to any Chinese company that produces advanced logic chips.

After a period of adjustment, China's debt-ridden real estate sector, which is still considered a key pillar of the world's second-largest economy, is seeing signs of stabilization. Such signs are particularly visible in first- and second-tier cities. Industry experts suggested the residential market may recover in the second half of the year on the back of sustained growth.