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As Maeck understands, Chinese consumers, including those in the lower-tier cities, have always pursued higher life quality and are especially discerning, in terms of kitchenware products.

As COVID-19 continues to sweep across the country, more and more states and local officials have closed non-essential businesses and ordered residents to stay home in a bid to slow the spread of the virus, effectively shutting down a significant part of the economy.

Arlt, from COTRI, said that while Chinese travelers are willing to pay more, they expect better quality in return.

As China's demographic dividend is disappearing and there is greater regulation regarding game content, increasing numbers of Chinese game companies are accelerating their efforts to expand abroad, aiming to gain new momentum from overseas markets. And many have already reaped the rewards.

Approximately 1.2 billion yuan were poured into technological development over the first half of this year, representing 20 percent of annual growth.