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"By lowering gross profit margins and special offerings from the brands, One Jewelry aims to sell the same items at the same price as in home markets such as the United States or Europe," he said.

"By doing something with a more premium feel, it could allow Nissan to charge more for its service and potentially relieve some of that profitability pressure they could face if they were to try to race to the bottom in terms of pricing," said Jeremy Carlson, automotive analyst at IHS Markit.

"China is of great significance for the group, and we have great confidence in the growth potential of the Chinese market," said Yang Wenlei, chief executive officer of Olympus China.

"Can you imagine what the village will be like in three or five years?" he asked.

"China has become a very prosperous country and at this moment it is the second biggest economy in the world. I think this is extremely good because China has much that it can contribute towards the development of the world including the developing countries," he said.