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Analysts at Shanghai Chongyang Investment Co, an asset manager, said in a research note that the bond market may bear short-term pressure as some financial institutions would seek to sell bonds in compliance with the new regulation. They added that mid- and long-end interest rates in the market will likely remain at a high level.

And the farmers who John Heisdorffer represents – soybean growers – may have the most to lose if China retaliates against the US agriculture sector.

Analysts said the Ora brand will help Great Wall Motor to cut the overall fuel consumption of its SUVs and meet China's demand that carmakers must amass credits for their new energy vehicles, equivalent to 10 percent of annual sales by 2019 and 12 percent in 2020.

Angus Campbell, the Chief of the Defence Force, promised that the ADF was "going to be part of the story of rebuilding this country", telling troops who have been deployed to help with bushfire recovery efforts that they would be "in it for the long haul."

Analysts said the economy may continue to expand at a stable pace in the coming months, although it may slow slightly in the second half.