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"China's growing middle-class has more money to spend, particularly on high-end, nutritional dairy items," said Song Liang, a senior independent industry analyst.

"Coming to Edinburgh has led to a lot of exposure," Cheng said. "I've never done TV, but because they saw my show and my material they thought they could take a punt on me."

"Compared to the downturn seen in smartphone demand and many other segments in the first six months of this year due to the devastation caused by COVID-19, the smartwatch remains a popular consumer device segment," said Sujeong Lim, senior analyst from Counterpoint Research.

"Creating art gives artists purpose and fulfillment in life, and as long as they have an audience, they are creating cultural products that mean something to the public," he said.

"Currently we are going through one of the biggest slowdowns that we have seen in recent times," Pawan Goenka, managing director at automaker Mahindra said earlier on Wednesday after the company reported a quarterly profit.