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"Coal-powered electricity has dropped to 65 percent as a proportion of total electricity generation from about 85 percent five years ago," he said. "Such progress is significant."

"Climate change is already affecting the lives of all people, but for the 1.8 billion young people between the ages of 10 and 24 years, the issue is felt with far more urgency as it will shape their lives in ways never witnessed before. For the younger generation, the need for urgent climate action has never been clearer," she added.

"Companies do this in a strategic manner. There is no sudden closing of plants in China and haphazard opening of other ones in new countries. Companies who do this, in fact, don't tend to close their China operations at all. It is all part of their long-term planning," he said.

"Chinese consumers' demands have become more and more diversified and personalized," said Gu Fan, vice-president of Amazon China, adding the company will step up efforts in the cross-border online shopping sector through Amazon Global Store and Prime membership.

"Coupled with ongoing urbanization and rising domestic demand powered by the Chinese government's measures to shift the economy to an internal consumption-driven model, the market potential in the Chinese mainland, particularly in lower-tier cities, continues to be attractive to jewelry retailers of all sizes," said Yang Lixin, director of the gemological training center for China's National Gem and Jewelry Technology Administrative Center.