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As a result, 39 percent of the post-90s generation tries to avoid the negative effects of mobile phone use through measures like turning off app notifications, intentionally limiting the frequency of social media interactions and staying away from social media entirely in certain situations.

As an economist, Anderson favors free trade. "In a bigger picture, free trade is how the economy grows. The economic gain from free trade comes from that people do what they are good at."

As detailed measures are expected to be rolled out soon, downward pressure on the industry is likely to be eased, said Chen Shihua, assistant to the secretary-general of the CAAM.

As former pure-play etailers continue to have success with a multi-channel model, there’s little doubt others will follow.

As an example, he cited the China headquarters of Volvo Construction Equipment in Shanghai, which was the first company to complete the domestic settlement of offshore trade with the separation of flows of orders, goods and capital.