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"Deglobalization will not bring factories back to the United States," as the products of most US corporate foreign affiliates are sold where they are produced, the report said.

"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."

"Facing the continued increase of metal futures these days in China, regulators introduced several regulations and policies to stabilize prices, so as to ensure the sound development of related sectors," said Wang Guoqing, research director at the Lange Steel Information Research Center.

"Faced with new economic challenges, Chinese authorities have taken a series of strong policy measures which will take effect gradually and will be favorable for steady economic growth next year," said the country's fourth largest State-owned commercial lender by assets in a report released on Wednesday.

"Even for a stable coin, no matter whether it is pegged to one currency or a basket of currencies, when used in cross-border payments the process is complicated since the account holders need to convert their currency to the pegged currency basket and vice versa," Moon said.