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"Competition is definitely fierce," said Zhao Huanyan, chief analyst at Shenzhen-based hospitality consultancy Huamei. "For platforms like Fliggy, scaling by gathering more hotel resources is a prerequisite before technology can make a difference and generate profits."

"China's transition to a consumption economy focused on domestic growth is progressing on a stable path, with strong growth drivers especially for Dow's products," said Andrew Liveris, Dow's chairman and CEO.

"Cities including Hangzhou have relaxed the limits, and the moves will help boost vehicle sales," said Xian Guoyi, a senior official at the Ministry of Commerce.

"Chinese consumers have been the main driver of the recent success of Australian wine, which had been depressed for over a decade," Bruno said.

"China's online education will enter a boom period where different firms are expected to thrive soon. In the K12 or kindergarten to 12th grade sector, leading companies will likely dominate the market," said a recent report from CITIC Securities.