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"Even though there will be demand growth, the price of memory chips will decline rapidly, which will in turn lead to revenue decline in the field," she added.

"Different age-groups can be seen online and offline. This makes offline stores a strong complement to online services," said Zhang.

"Economists often emphasize the positive effects of lower oil prices for the consumer via higher real income, which are real," Goldman Sachs said. "But in some economies — most importantly in the US — they are largely or entirely offset by the negative effects on the oil-producing sector and the associated hit to oil-exposed credit and equity names."

"During the reporting period, the deployment of bank self-service terminals including ATMs kept slowing down due to the rapid development of mobile payments. It caused a slump in demand for related products and services of the company and a large decline in our business income," the company said.

"Even though our sports industry has grown at a fast pace in recent years, we are not yet a strong sporting nation, consumption-wise, as the contribution of the sports business to our overall economic growth remains modest," Li Yingchuan, a deputy director of GASC, said in a media briefing on Wednesday.