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Analysts stress the importance of the rail project for the CPEC, which they see as the cornerstone of the Pakistan-China bilateral relationship.

Analysts said the industrial profit growth may continue to ease in the coming months, but it will not fall sharply.

And even eventual market saturation doesn’t mean voice interaction will go away. Far-field microphone voice control will simply be built directly into more devices, Bryant said, including more with screens.

And the tourism industry may face a shakeup, as foreign entrants, such as American Express, Germany's Touristik Union International and Japan Travel Bureau Foundation, could invest a lot to expand their sales network either built on their own or through acquisition, Liu Simin, a researcher at Beijing Foreign Studies University, said. But they also have to be ready for a long battle and understand Chinese market, Liu added.

Analysts have mixed views on the deal. Lincoln Kong from Goldman said Tsingtao would see benefits from collaboration with Fosun in areas including export business, premium branding and management incentives.