The exchange has initiated a research program to study the possibility of a Shanghai-London stock connect, Wu said.
The event, which integrates trade, cultural exchanges, shopping, leisure and entertainment, will offer a summer carnival to exhibitors and participants.
The falls started in 2015 when the country decided to tackle a home-building frenzy.
The festival is a provincial-level intangible cultural heritage. Most residents in Dejiang county belong to the Tujia.
The figure narrowed 15.1 percentage points from the first quarter, the data showed.
The expanding investment in real estate remains an engine for the country's economic growth, said Liu Liangdong, an analyst at China Merchants Securities Co.
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The festival now is its 75th edition, which runs from Aug 29 to Sept. 8.
The eyes have it
The expo which opened on Wednesday in Kunming, capital of Yunnan province, the country's major gateway to Southeast Asia and South Asia has highlighted China's closer ties with the region as it pushes forward the Belt and Road Initiative (BRI).
The exhibition will be open until June 30.