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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.

An said, "Some say vinyl records will eventually die out and be replaced by digital music, but I don't think so." He added that vinyl records offer the purest form of music for people to enjoy.

And Xu is optimistic about the future, saying there is no doubt about the upward trend in the decade to come.

Analysts said the much-anticipated revision will make the SCI less volatile and more effective in reflecting the market performance of Shanghai-listed firms, as part of the nation's ongoing efforts to spur a healthy development of the equity market.

Analysts said the changes in spending and travel show that the country's updated consumption structure will help boost overall national economic growth.