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"Demand from jewelry, the largest consuming sector for gold, is improving, mainly from India and China," said Zhu. "Gold may yet retain its (long-term) safe haven asset status on global geopolitical and macroeconomic challenges."

"Efforts should also be made to promote investment by private equity and venture capital firms in the development of low-cost clean energy, which will eventually lead to a substantial transition in the energy sector by significantly reducing the cost of green energy through technological innovation," he said.

"Experiencing such an abrupt change from Beijing to a place so destitute, I was deeply affected," Xi said, recalling the whole village turning dark at night because the only light available was provided by a few old kerosene lamps.

"Destocking will become harder in lower-tier cities where the process is yet to be completed and which are witnessing more population net outflows," Xie said. "Once the scrutiny process becomes harder, the sales volume will slow."

"Department stores should also increase the portion of their self-operated business, and avoid homogenization of brands. In fact, compared with the highly competitive retail industry in Japan and the United States, China's department stores have ample room for growth. There aren't any monopoly department stores taking top market positions yet," Wang said.