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Another reason that the move?makes sense is because?Tmall doesn’t exactly compete with Amazon on all levels.

Antonio, a native of Puglia, a region in southern Italy, has worked as a journalist for almost 20 years, starting from Milan and New York. After that, he was ANSA's Tokyo bureau chief for around eight years. In January 2016, he took over as the Beijing head. He said his assignment in Beijing was a kind of destiny that brought him to the great country.

Apart from this, the Bain report added that Chinese consumers also prefer familiar brands over new brands, reversing the momentum made by insurgent brands. More than twice as many consumers want to buy new and exciting products instead of repeating products purchased.

Apart from receiving help from the government, many SMEs undertook self-preservation measures during the difficult times. Zhang Yan, general manager of a Shenzhen, Guangdong-based clothing manufacturing enterprise, said that the company undertook several such steps to increase orders and for work resumption. To increase orders, it took advantage of online measures, such as livestreaming promotions, and also took efforts to retain key customers. To motivate the employees during the inactive period, the company offered training and programs to upgrade skills of the employees, before full production resumed in April.

Another participant, a middle-aged woman, said housing was her first concern. "I hope the government's allocation of resources will not disproportionately favor one particular demographic, such as a certain age group or single people."