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Analysts attributed the improved performance of steel, non-ferrous metal and other cyclical sectors to the country's supply-side structural reform, which, aimed at downsizing saturated industries and economic rebalancing, has prompted a rebound in commodity prices.

An unmanned drone, operated by food delivery platform ele.me,delivers meals in Shanghai’s suburban Jinshan district. [Photo provided to chinadaily.com.cn]

An overall softening of financing in October mirrored a weaker-than-expected investment sentiment in China, with calls for stronger incentives to offset the cautious economic outlook, analysts said.

Analysts said that selling shares to employees over the long term may help companies retain staff and boost their performances by giving them more incentive to work hard, keep the shares, and benefit from the growth of the group.

Analysts said economic expansion may pick up in the next few months after the effects of the country's bolstering measures take effect.