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Analysts said consumption is expected to continue to rise on the back of strong demand and growth in high-end sectors like jewelry.

Analysts said the rise is attributable to seasonal and other factors and it is still too early to predict a full rebound in manufacturing activity.

Analysts at Bernstein said, "Strategically the deal feels like, after years of deal-making, a first move by Chairman Li Shufu to consolidate his sprawling automotive empire."

Analysts said the move aims to attract players for the much-anticipated launch of the new yuan-denominated crude oil futures contracts on March 26.

And it’s not just warehouses. Amazon is leasing airplanes to build out a fleet of delivery jets. And then of course, there is the company’s well-known drone delivery push.