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"Chinese New Year is cause for celebration at The Balmoral and we are all looking forward to welcoming the Year of The Pig," said Richard Cooke, general manager at The Balmoral. "Bao (steamed stuffed bun) will be served at breakfast along with Balmoral Long Life Noodles. Angpao (red envelope) and mandarins will be in all rooms as we wish everyone long life, happiness and prosperity."

"Consolidation is a natural progress for fast-growing businesses such as co-working spaces. Operators with market advantages will seek every opportunity to expand their market share," said Mi Yang, head of research at consultancy firm JLL North China.

"China still has much room for improvement in power utilization and the government aims to control waste of renewable power to within a reasonable range in three years," Liu said.

"Chinese consumers have a true love for the extreme end of our sophisticated collection. When it comes to our most advanced products - the made-to-measure offerings - China accounts for more than 50 percent of our global sales," he said.

"Consumption will stay robust on the back of higher incomes and is expected to stay a pillar for economic growth next year," said Li Huiyong, an analyst at Shenwan Hongyuan Securities.