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"Chinese people are becoming richer and more international. What has not changed is their stomachs. So I made the decision to open the restaurant."

"Coupled with ongoing urbanization and rising domestic demand powered by the Chinese government's measures to shift the economy to an internal consumption-driven model, the market potential in the Chinese mainland, particularly in lower-tier cities, continues to be attractive to jewelry retailers of all sizes," said Yang Lixin, director of the gemological training center for China's National Gem and Jewelry Technology Administrative Center.

"Clearly, this is an indication that social media has become a major gateway to shopping rather than a mere communication portal," said Koh Yew Hong, managing director and retail lead for Accenture Asia-Pacific.

"China-India cooperation in trade and economy are mutually beneficial. It is hoped India and China would jointly maintain their hard-won cooperation and development and create an open, fair and just business environment for international investors and service providers, including Chinese companies," Gao said.

"Companies are facing challenges because most of them lack the core competitiveness. It's a good thing for the market to decide who can survive and who should be kicked out," he said.