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"Exports de facto drive our industry," MICAM CEO Tommaso Cancellara told reporters at a digital press conference. "We had excellent 2018 news from China (and) we invited key Chinese opinion leaders and influencers to MICAM in order to promote (our products) toward a market that is becoming increasingly significant, in a country that accepts and appreciates beautiful and well-made Italian products more and more."

"Department stores are still sitting on huge opportunities for growth. The key is to find ways to change. The faster the retailers adapt to people's changing consumption behaviors, the more likely they can grasp the initiative of the fierce competition," Guo said.

"Despite increased uncertainties in developed markets, there are encouraging signs that China is succeeding in containing the outbreak," Mark Haefele, chief investment officer of UBS Global Wealth Management, said in a research note.

"Feeder ships for regional transportation have to wait for a berth to reach their destinations, which is a waste of time and money," said Zhou Dequan, a research director from the Shanghai International Shipping Institute.

"Either you have scale as a platform or you can present as a differentiated entity," Turner explained.