Markets are now watching whether a slew of recent stimulus measures from Beijing, including a five-year 1.4-trillion-yuan package announced last week, will help resuscitate the country's growth and curtail a long-lived real estate market slump.

The impact on the retail space looks promising so far, with sales rising by a better-than-expected 4.8% year-on-year in October, while China's recent Singles' Day shopping holiday — widely seen as a barometer for national consumer sentiment — regained some of its luster.