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"China's current brandy market is mainly dominated by foreign products," said Wang Qi, executive vice-chairman of CADA. Last year, China bought 24.4 million bottles of cognac, becoming the third-largest consumer of cognac in the world.

"Compared with other transportation means, high-speed trains are more comfortable and punctual. It is the preferred choice for many passengers," said Wei.

"Concerns about a possible policy shift are hurting the market," said Zhang Gang, a Shanghai-based strategist with Central China Securities Co. "Investors can hardly find any sectors where they can make money, so they feel a strong urge to leave the market," he was quoted by Reuters as saying.

"China's promotion of high-quality trade, stimulation of domestic consumption, as well as the new round of high-level opening-up are all in evidence at the CIIE. Such policies have helped accelerate Greenland Global's whole industry chain mapping across all of its business units," he said.

"China's goal for rare-earth development is to form a new pattern for industry with a reasonable development pace, orderly production quotas, efficient utilization, scientific and technological innovation and coordinated development with high-end manufacturing," said Zhang Rui, an analyst at Beijing Antaike Information Co.