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An unrealistic target would push local governments to take aggressive stimulus measures, especially by promoting infrastructure investment. That could lead to a "flood" of monetary easing, and capital-intensive infrastructure investments would not be helpful for reducing unemployment in the short run, he said.

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."

And just as Britain adopted, then adapted, tea to suit local tastes to make it the country's most popular beverage, China is witnessing a similar revolution in its relationship with wine.

Analysts said it was because the company's non-public offering of shares plan, the pricing of the new shares and investors' shareholdings might have contradicted February's newly-revised regulations, according to reports by China Securities Journal and caixin.com.

And he confirmed his planned attendance at the second Belt and Road Forum for International Cooperation, which will be held in Beijing next month. Mattarella, the nation's president, attended the inaugural forum in Beijing, back in May 2017.