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"Companies that have business relations with the US have already felt the shock," said Li Jianwei, chairman of Hangzhou Euroluck Import and Export Co, a cloth and textile trader. Li said orders started falling from the second half of 2018 on fears of punitive tariffs, though textile was not included in the additional tariff list then.

"China's robust new economy has created unique opportunities for us. Millennials and the middle class in China tend to be tech savvy, more sociable and are looking for a sense of belonging and adventure in big cities," said Humbert Pang, managing principal and head of Gaw Capital Partners China, which invested in Harbour Apartments.

"Compared with traditional brick-and-mortar stores, online stores have a higher trading efficiency," Xu said.

"Creating things with your own hands brings great joy and fulfillment," says Yang Wenxin, general manager of Shanghai YESBY.Me Information Technology Co, an organizer of the expo. "We are not only handicraft lovers, but also cultural inheritors."

"Consumption now contributes more than half of China's economic growth, and the domestic market is growing faster than that of many developed economies," he said.