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"Competition between domestic makers and their foreign rivals is going to become more intense in the coming future. Without comparative edges, foreign smartphone vendors are going to lose even more market share," said Roger Sheng, research director at consultancy Gartner Inc.

"Consumers are more willing to spend money this year. Whether it is filial piety to the elderly or rewarding children or themselves, trading volume has kept growing. Spending on entertainment and travel also grew fast," said Chen Han, a data analyst at China UnionPay.

"China should consolidate the foundation for the stable economic performance with sound growth momentum," Li said.

"Chinese now consume five times more milk tea than coffee. After the arrival of pearl milk tea to China, coffee has taken a backseat. Bubble tea consumption in particular, continues to rise at a high rate each year. Therefore, the potential is huge," he added.

"Chinese president and premier visiting Germany (in the same year) once again is a rarely-seen diplomatic move in Sino-German relations and even in China's history of foreign relations, it is extremely rare," said Shi Mingde, Chinese ambassador to Germany.