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Another of the company’s retail initiatives, Amazon Go, finally opened its checkout-less technology to the public this January at the company’s Seattle headquarters. Amazon?just opened its ninth Amazon Go store in San Francisco this month.

Another reason preventing a further easing of the monetary policy is the need to prevent systemic financial risks. But fiscal policies can play a major role in supporting economic growth in China, he said. "When unconventional monetary policies are becoming conventional, it will be difficult to come back," which in turn may lead to corporate debt surges or stimulate property bubbles.

Another German premium automaker, Daimler AG, has acquired a 3.93 percent stake in Beijing Electric Vehicle Co, a subsidiary of BAIC Group. The investment made earlier this month will deepen their strategic cooperation in the new energy vehicle sector, and underline their commitment to the further development of electric mobility in China. BJEV possess a charging network with 46,000 public charging poles and 32,000 private ones.

Annie Yau Tse On-yee, chairperson of the association, said that with a higher probability of shops closing, the retail sector's business may deteriorate, and there's no hint it could rebound.

Another major issue is the pet breeding frenzy, which has gotten out of hand and become a main reason for the sharp increase in stray animals, said Qin Xiaona with the CAWA.