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"Especially the wealth management business and investment banking businesses, which China is a key contributor to the global business map," Qian added.

"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."

"E-commerce-powered poverty elimination is expected to gain bigger momentum this year, as the internet facilitates not just the consumer end (i.e. making it easy for people to purchase) but the industrial end, meaning research and development, manufacturing and logistics for agricultural produces can be customized and automated through the adoption of artificial intelligence, big data and cloud computing," said Li Yongjian, a researcher of the internet economy at the Chinese Academy of Social Sciences.

"Deeper reforms on value added tax, commencing on April 1, will further relieve the pressure on small businesses and boost economic activity," Ng said.

"Everybody lost their job, so nobody paying to get their hair done," she said as she shook her head. "There's no opportunity after the storm because everywhere is basically damaged. Right now it's just hopeless."