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"Chinese consumers are becoming more rational, and they are not blindly following the crowd to imitate others," said Zhao Ping, deputy director of the Chinese Academy of International Trade and Economic Cooperation of the Ministry of Commerce.

"Chinese retailers look for brands that are well placed to expand into their own growing markets where an influential, well-connected name can help to open doors with mall owners, landlords etc, that can be promoted to quickly appeal to shoppers," said McKeever. "As this owner was already familiar with the brand…that knowledge and expertise augers well. Given the rate of expansion in Chinese malls this would seem an ideal opportunity and great fit."

"China still has a long way to go to beef up domestic smartphone screen production capacity, although progress is being made," Geng said.

"Cross-border e-commerce improves logistics efficiency and saves time," Li said. "Vietnamese customers can place orders on popular local shopping sites like Lazada and Shopee. It takes only one day to transport our goods from Hekou to Hanoi, and at most three days to reach Ho Chi Minh City.

"Chinese have made 250 million domestic trips, contributing 280 billion yuan (about .89 billion) to the tourism industry during this year's Spring Festival holiday from Jan 24 to 30, despite a 40 percent year-on-year decrease," he said.