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As China's online spending rises, great hopes have been pinned on the sector amid the country's overall slowing economic growth, which dropped to 6 percent in the third quarter from 6.4 in the first quarter in terms of year-on-year GDP growth.

As China's first city to enforce strict regulations on garbage sorting and recycling, the municipality stipulated that residents should classify garbage into four categories: recyclables, kitchen waste, hazardous waste and residual waste.

As China shifts its energy mix accent from traditional energy to gas and other renewables, Total is actively expanding its natural gas, renewables and energy storage businesses here, he said.

Apple has been facing a growing challenge from local smartphone vendors in the China market, such as Huawei Technologies Co Ltd, Oppo Electronics Corp and vivo Mobile Communication Technology Co Ltd.

As China will continue the deleveraging process targeting some key areas, it is hard to see a large rebound of money and credit data in the following months, which is also depressed by the economic growth headwinds, said Wu Ge, chief economist of Changjiang Securities.