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And it's not just retailers that are noticing the boom in sales. Those in the food industry have also been riding on the growing wave of the Christmas spirit.

Analysts estimate that Apple will cut orders to Foxconn by 20 to 30 percent, mainly due to weak demand for the iPhone XR and XS Max. Media also reported Foxconn aimed to cut 20 billion yuan from its expenses this year as it faces a very difficult and competitive year.

And rising demand for such exclusive services and high-end products is a clear sign that China's consumption upgrade is gathering steam, experts said.

And rapper jargon became buzzwords overnight although hip-hop was once considered as a music genre with limited appeal in China.

Analysts say BMW's aggressive electrification plan should bet more on China - the world's biggest electric car market - as the government is pushing carmakers to provide more electric products to cut emissions.