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Analysts said the move would boost sales of premium cars in the country, but the impact on the market as a whole may be limited.

Analysts noted leading Chinese online English language education companies are scrambling for cooperation deals with world-leading publishers, as it takes a lot of time and money to develop teaching materials from scratch.

Anglee, a skincare product maker, which established its facility in Guangzhou in 1991, has opened three medical cosmetology shops in Guangzhou and aims for an initial public offering in the mainland to fund more such shops, which are also beauty parlors, said chairman Aaron Lin.

Analyst Kang Hui, however, said when fuel prices rise, home prices travel south generally. "The NBS data is a bit lagging as it is collected after the deals are completed, and the August data also showed top-tier cities' home prices are much more stabilized than those in lower-tier cities."

And 45 percent of the manufacturers hold the view that New Retail will have a profound positive impact on the overall retail business, while 48 percent think New Retail will hurt the retail industry to a certain extent.