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"Chinese companies are differentiating themselves from other US-listed Chinese equities. In fact, Alibaba has even appreciated about 30 percent year to date. What this means is that investors are being selective. They see more potential in some firms compared to others. They are not lumping all of these companies in the same basket," noted Alejandro Ortiz, lead research analyst for SharesPost Inc.

"Chinese characters are the only ancient script now still in use in the world and it's a miracle of human history," said Sears in fluent Chinese.

"Cramming in the subway and sitting all day in a cubicle is not the life I wanted," said Jiao Qi, 30, who had a white-collar job in Shanghai.

"China, especially center areas in the first-tier cities, has now slowed down its development and construction in the real estate industry," said Gu Jianping, chairman and managing director of Shanghai Tower Construction and Development Co Ltd, "a more serious consideration is how to effectively manage the current assets in this field."

"Consumption has a greater role to play in stabilizing growth, and the commission will take more measures to boost domestic demand and unleash gigantic domestic market potential," he said.