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But Denmark abolished its decadesold soft drink tax the same year Mexico introduced one. This was after an annual loss of about 290 million krone (.66 million) to illegal soft drink sales. Danes also visited neighboring countries like Sweden to buy cheaper fizzy drinks.

But experts also said that intensified efforts to pursue homegrown breakthroughs in crucial technologies are not the same as seeking self-sufficiency or an isolation from the global supply chain.

But a more noteworthy phenomenon is the level of engagement from public authorities with social media platforms and influencers in such endeavors. Senior officials from Hubei province, where initial cases of the contagion were first reported, joined a livestreaming session on short video site Douyin where they acted as salespersons introducing local specialties such as the province's iconic noodles. A number of mayors and county chiefs from Guangdong and Jiangxi provinces also boarded the livestreaming express on shopping platform Pinduoduo to promote fruits that failed to get to market due to local traffic restrictions meant to stem the contagion's spread. Shanghai's consumer protection commission joined hands with Li Jiaqi－famed for his lipstick-selling skills－to share tips on spotting bootleg products during a three-hour talk show on Taobao.

But experts say Western brands aren't yet in a position to be successful in China, the world's most important luxury market, because of their reliance on brick-and-mortar stores and lack of savvy when it comes to digital retailing.

But it doesn't rule out rate cuts in the near term, said experts. The LPR is updated on the 20th of each month. This new regime allows the central bank to change monetary policy more frequently, and to respond quickly to counter economic downside risks if necessary.