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And local consumers' confidence to purchase foreign products will be improved when they can trace the relevant data of the foreign products, he added.

Analysts said it was a sign that consumer confidence had dipped, amid an impeachment inquiry of President Donald Trump and uncertainty in the 15-month tit-for-tat US-China trade war.

And, at least as Adam Selipsky sees it, things aren’t slowing down.

Analysts said the effect of the China-US trade frictions on China's macroeconomic fundamentals would be mild, although attention should be paid to the potential impact of an expanded scale of the disputes.

Analysts are divided over the new models. Some question the profitability of Suning and Gome's car businesses, as one top profit source for dealers is after-sales services instead of car sales.