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Another home appliance manufacturer Shenzhen-based Konka Group Co Ltd said its gross margins from TVs and white goods, which include air conditioners and refrigerators, witnessed a decline in the first quarter due to the price rises of raw materials.

Apart from road and air links, a high-speed railway is also under construction to boost connections between the Chinese mainland and Hong Kong.

Apart from focusing on middle-income earners, China's millennials will have more purchasing power because many of their parents not only own an apartment but are not weighed down excessively by accommodation or mortgage concerns, said Ma Yu, a researcher at the Beijing-based Chinese Academy of International Trade and Economic Cooperation.

Another change relates to speed. In 40 years, the operational speed of Chinese railways has surged from less than 40 km per hour to up to 350 km per hour.

Another five people were later detained in Nanjing, Jiangsu province, and Guangzhou and Zhanjiang in Guangdong province, for distributing the fake goods online.