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Analysts believe the government's recent adjusting toward a pro-growth stance was just policy fine-tuning and presaged no change in strategy.

Analysts said the shift indicated that China will lean toward monetary tightening should they need to curb any asset bubbles or mitigate financial risks.

Analysts have mixed views on the deal. Lincoln Kong from Goldman said Tsingtao would see benefits from collaboration with Fosun in areas including export business, premium branding and management incentives.

Analysts said China should continue boosting its domestic gas production while importing more natural gas from abroad to meet the ever-increasing domestic gas demand.

And in the short run, at least, Wall Street is taking the company to task for the move, sending its shares down nearly 5 percent in trading today, after?Nordstrom’s earnings yesterday fell short of analysts’ expectations.