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"Chinese companies are shifting their focus from quantity to quality. Instead of unveiling new products almost every month, they realize that one premium flagship model has greater appeal to consumers," said Xiang Ligang, CEO of telecoms industry website Cctime.

"Considering the gradual recovery curve and the recent global outbreaks in multiple countries,-which will hold back Chinese travelers' willingness to go abroad-the loss of airport retailing business during the whole epidemic period could be as high as nearly a quarter of the annual income of duty-free stores," Yu said.

"Currently we have a new product in its final development stages which will improve the immune system. We aim to make this available to New Zealanders and to export to other countries," he said.

"China remains one of our most important markets and we will continue our investment in the country," said Tang.

"China's credit rating market is in the very early stages of development, and it lacks a mature credit system and a proper risk pricing mechanism," Kong said.