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And he hopes that millennials' taste for retro will help.

Analysts said the pattern is a viable solution for China to build up resilience against external uncertainties and share its opportunities for development with the rest of the world.

Analysts from GF Securities wrote in a note that the market valuations of Chinese home appliance companies are at a similar level as that of their overseas counterparts.

Analysts, experts wonder if there's a correlation linking rare simultaneous spikes in markets

Analysts from Haitong Securities wrote in a note that investors are holding a strong wait-and-see attitude at present. The market will need new signals before it makes a real rebound.