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"E-commerce boom is fueling the jewelry industry turnaround," said Neil Wang, president of consulting firm Frost & Sullivan China. "More traditional jewelry groups such as Chow Tai Fook, Chow Tai Seng and Swarovski have stepped into the online retail business, where they saw a better performance.

"Electricity consumption figures are among the most reliable indicators of (the) real economy, because they can only be generated through down-to-earth economic activities," Lin said. "The closer the growth rates of electricity consumption and GDP look, the stronger the real economy is."

"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."

"Export of high-quality agricultural products is a major feature of the New Zealand economy and has an advantage in the transformation and upgrading of the Chinese consumer market.

"Even if the Hong Kong government taps its huge fiscal reserves for up to two years, it will not derail the city's economic growth prospects," said Jack Siu, senior Asia-Pacific investment strategist at Credit Suisse. "We are not worried about Hong Kong recording a budget deficit."