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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.

Andras Inotai, research professor at the Hungarian Academy of Science's Institute of World Economics, described the US tariffs move as an "own-goal," saying a sound solution to any trade dispute should be filed at the WTO.

Anhui province's GDP reached 1.75 trillion yuan in the first half, up 0.7 percent from a year earlier. The growth rate also outperformed the national GDP growth of－1.6 percent in the first half. The agricultural sector reported the most significant annual growth rate of 1.2 percent during the first half.

Analysts say if the policy is not extended, there will be a negative impact on sales. New energy cars have been growing in market share quickly in China, which is already the world's largest market for such cars.

And enterprises are adjusting their marketing strategies to target young consumers. Traditional Chinese herbal anti-hair loss shampoo brand Bawang Group launched an intellectual property (IP)-protected cartoon "Bawang elf family", which was drawn on the product package to attract young consumers. It also teamed up with gaming companies to launch crossover-brand products.