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"For example, in big cities, people are willing to spend one month's salary on an iPhone," he said. "In small ones, they prefer mobile phone brands such as Oppo and Vivo, as they have good functions and designs but are relatively cheaper."

"Financial institutions will issue more A-share exchange-traded funds (ETFs) to attract overseas capital inflows into the country's stock market. Whether capital inflows into the A-share market can be sustained depends on the performance of these A-share ETFs based on the stock valuation level, and the market dynamics of the A-share market," Shum told China Daily.

"Foshan Plant is a symbol of green, energy-saving production, intelligent manufacturing and smart operation.

"Fresh food is the most demanding category in e-commerce, and covers a range of fields including logistics, finance and users operation. But at the same time, it has huge market potential," said Lyu Haoze, an analyst of China E-Commerce Research Center.

"For the matcha sector, China needs to further explore planting techniques, manage the planting scientifically, and strengthen the training of professional talents. Compared with traditional tea, matcha has natural advantages by leveraging the strength of other consumption goods," he said.