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"Companies solely trading imported cars that have a small market share will have the impulse to lower the price first, in an aim for a bigger volume," said the expert.

"Chinese art houses have expanded everywhere. We have more than 40,000 screens in the country. China's film box office is the second largest in the world," Chen said as he presented a sneak peek of his movie The Legend of the Demon Cat. He also discussed his cinematic journey as one of China's fifth-generation directors.

"Compared with the previous two years, at least 3,000 to 4,000 new games had been blocked from the market in 2018," said Liu Wei, an analyst from market research company iResearch. "The demographic dividends are wearing off, which is another factor driving the slowing growth."

"Compared with leaving the wall broken, people will feel even more insulted seeing the national symbol being restored in the wrong way, because that is even bigger damage," he said. "A good renovation should prevent endangered sections from continuing to fall apart."

"Currently 80 percent of our sales is generated from recurring customers, which shows brand loyalty is crucial," she said. "But it also means we need to expand our follower base and that's not something you can hastily achieve by just offering discounts and making one-off deals."