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But Japanese PM unlikely to suffer long-term damage, analysts say

But industry insiders said most of China's 30 million truck drivers were forced to cut corners to make a living in the face of skyrocketing fuel costs and falling orders.

But export controls will restrict the advancement of AI, especially in the US, said Shapiro. Chinese-made products can still be found easily in almost every category like high-definition TV, robotics and smart retailing, occupying about 14 percent of the net exhibiting space.

But RBC said Amazon still has a “large competitive advantage with its 20 years of experience in building its delivery infrastructure — 175 fulfillment centers (FCs) globally, 40 sortation centers (SC), 100 delivery stations, and 20 air gateways — as it is now a Third Party Logistics provider itself, making it increasingly difficult for just about any retailer to replicate.”

But one bright spot of Alibaba's international layout has been Lazada, its Southeast Asian footprint that recorded over 100 percent year-on-year order growth.