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As China's consumption upgrade unfurls further, there will be more consumers with respectable incomes looking for quality, unique and trendy services. They value diversification and convenience. With China's night life economy springing up, it has fueled growth by further unleashing residents' consumption potential. Such upgraded trends in the demand side call for more changes on the supply side. Retailers or service providers will see their sales surge if they take advantage of such trends and launch their customized and quality services in a timely way.

Apple Inc CEO Tim Cook is on a trip to China this week, pledging to boost investment in Shanghai and strengthen communication with local mobile app developers.

As Bitzer explained, the home appliance market in China will not demonstrate a significant increment in amount in the next few years, but rather mature with the consumers showing more demand for premium and highly featured products.

Around 200 delegates from foreign political parties and organizations made a visit on Friday to the Party School of the Central Committee of the Communist Party of China ahead of a high-level interparty dialogue, according to the International Department of the CPC Central Committee.

Apple forecast a gross margin of 38 percent to 38.5 percent, higher than many analysts expected because new products often have higher costs.