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"China now plays a critical role in the global digital landscape. The majority of future digital innovations in the coming years will come from China and Silicon Valley," said Arndt Groth, former president of the Bundesverband Digitale Wirtschaft, Germany's leading digital marketing association.

"But now, for many buyers, affordability is the only factor for decision-making. Some of those upgrading are dropping their plan simply because they can't afford to make higher down payment. Also, some buyers who wished to sell their first home and then buy a second one are hesitant because they are not sure if the family income will be stable and steady enough to cover the monthly installments related to a more spacious home," said Ma.

"China has become a strong growth driver for Shiseido and continued to be our largest overseas market for a third consecutive year," Hase explained.

"But things have changed now. Learning the craft of porcelain making is a time-consuming and labor-intensive task that requires a high level of patience, but profits cannot be guaranteed. Not many people are willing to learn and make a living through hand-made porcelain," Zhang said.

"Cambodia has benefited a lot from its cooperation with China," he said. "And with the further implementation of the Belt and Road Initiative and 21st Century Maritime Silk Road, we can make a bigger difference in the future."