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"Consumers already know that they are participating by Nov 1 and often even know what they want to buy as they would have to pay a deposit for popular items. Hence, this additional window serves to bring the transactions forward," Ong said.

"Currently China has 200 to 300 million middle-income earners. By 2020 that figure is projected to surpass that of Europe," said Ding. "There is definitely a strong call for supply from premium brands globally."

"Cruise tourism is still in its infancy in China, so the related travel offerings are rather lower in price. Besides, cruises departing from China usually head to neighboring countries like Japan, where the ports are not that suitable for cruises to dock because of inadequate facilities," said Zhang Gaowei, Lvmama's director of cruise tourism.

"China's advantage in foreign trade can be found in technology upgrading, brand, quality and services, rather than low prices for the next stage, although developed countries are trying to maintain and enhance their strength in middle and high-end product industries," said Zhang.

"Chinese authorities have not used the exchange rate in prior easing cycles to support growth, and they are unlikely to do so now, as this could pose macroeconomic stability risk," said Andrew Fennell, lead sovereign analyst for China at Fitch Ratings.