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Chicago Board of Trade futures settled much lower on Monday amid massive selling triggered by concerns over trade tensions between China and the United States.[Photo/IC]

Cheung said she knows of many others who have picked up HKBU's Chinese medicine package since the Chinese New Year and recommended to their friends and families to get their own medications the same way. "Thanks to the medicine, we elderly people are feeling optimistic and no panic." She noticed that ginseng is listed among the ingredients. "It is a kind of precious Chinese medicine and good for health," Cheung said.

Chi Fulin, president of the China Institute for Reform and Development, said that Hainan enjoyed advantages such as the island's large geographic area and abundant local resources that no other existing free-trade zones on the Chinese mainland can compare to.

Chen Yanlei, vice-president of JD, noted that "with the advent of the era of 'unbounded retail', consumer demand has become increasingly fragmented, and demand scenarios have become more instant. Therefore, the industry needs to change the previous distribution channel, so the distance between the production and consumer end is as narrow as possible."

Chi said China had proposed a wide "free-trade network" that would connect all countries participating in the Belt and Road Initiative, which should also be in the interest of the EU, which isa global forerunner and champion of free trade and globalization.