One of China's most wanted men, suspected of killing nine in eight years, was shot dead by Chongqing police early Tuesday morning, according to China Central Television.

Zhou Kehua, a 42-year-old "Class-A" wanted suspect who committed his latest homicide on Sunday, shooting a police officer to death, was killed by police at a leather shoe factory in Shapingba district of Chongqing, said a CCTV morning news report.

Zhou was known to target people withdrawing money at the bank. He also killed one woman and injured two others outside a bank in Shapingba district last Friday.

Following his crimes last week, Chongqing police dispatched thousands for a citywide hunt in the city and promised a reward of 500,000 yuan ($78,000) to anyone who comes up with tips leading to his capture, dead or alive.

The total volume of rewards offered across the nation for Zhou's capture surpassed 5 million yuan, according to police.