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Another carving store owner, who gave only her surname, Huang, reported a similar situation. The sales of ornamental carvings of mammoth tusk, bone, wood and stones in her store has even enjoyed a slight rise since the ban took effect, she said.

Another government-funded R&D institute, Hong Kong Research Institute of Textiles and Apparel, developed a reusable mask with its award-winning reusable fabric technology. The mask can be washed and reused up to 60 times. The masks were distributed to residents free of charge in May, June and September.

Another potential push for the renminbi is China's domestic consumption. Domestic consumption contributed 64.1 percent to GDP growth by the end of the first quarter of this year. The figure is expected to be higher in the years to come, making China a major final destination in trade relations with other countries－a fundamental support for trade invoicing of the currency.

Another factor buoying up the market are the raft of supporting policies for the cruise industry rolled out by a number of government departments in recent years.

Apart from the impact brought by the trade dispute between China and the US, Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies, said these figures demonstrate that China's import and export structure is able to adjust flexibly, and it is fairly resilient.