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"Considering a project this big, the investment is intensive and the payoff period is too long, which could introduce many uncertainties to its development," she said.

"Consumption has been playing a bigger role in China's economic development while the country is undergoing economic restructuring. The trading hub will cater to the demand of increasingly sophisticated Chinese consumers. It is our hope that we can build the trading hub as the ideal venue for companies to launch new products and into a most influential distribution center for imports and exports,"Zhang said.

"China's job market continued to stabilize and improve in April," said NBS spokesperson Liu Aihua.

"Coffee and tea consumption during working hours has grown steadily since the outbreak of the pandemic, fueled by social distancing restrictions," said Jason Yu, general manager of Kantar Worldpanel China.

"China, our third largest trading partner, is crucial as we enter this new chapter," he said, citing the UK's bilateral trade with China reached 104.5 billion pounds (9.57 billion) in 2019, surpassing 100 billion pounds for the first time and growing more quickly than any other region.