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Analysts said the price increase of Chinese beer reflected upgraded consumption in the world's second-largest economy, as increasingly affluent consumers are less sensitive to prices but crave more high-end packaging and brands.

Analysts cited a variety of reasons for Wednesday’s sell off. Some blamed a potentially choppy earnings season ahead while others fretted about rising interest rates.

Analysts said that the pilot program for the Chinese sovereign digital currency in select regions may happen this year, although some legal issues still need to be sorted out, such as whether the basic laws need to be revised.

And it is not the only spot in the government's tourism plan to suffer a disaster－natural or man-made－that could scare away tourists.

And, the opportunities up for grabs will be "once in a lifetime", she says. "The past and coming 20 years have been and will still be the golden period for asset management in China … we believe active management investing in the China market will shine."