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And, Robert Kaplan, a well-known hawkish strategist and journalist, wrote an oft-cited article in Foreign Policy magazine last year titled A New Cold War Has Begun.

Analysts cited the ferocious efforts of international brands to expand their market share in China, the world's largest car market. Especially as Chinese customers had a preference for overseas brands, particularly in light of a slowdown in the market.

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.

Analysts from Hebei Yuan Da Security Investment Consulting wrote in a note that the decline mainly came from companies that witnessed intensive trading previously. But the big picture is still a looming strong rebound in the short term.

An original exhibition of Gustav Klimt in San Francisco is expected to receive heightened interest from Chinese visitors whom curators say can relate to the modern Austrian master through his highly stylized works.