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Another reason for the shrinking market at the plaza was the growing online book retail market established by e-commerce giants such as Amazon and Dangdang.

Another highlight of Unilever's booth this year are premium brands within the company's portfolio, including US high-end laundry brand The Laundress, Korean premium SPA-level skincare brand AHC and Japanese essence expert brand Tunemakers.

Apart from the manufacturing PMI, the non-manufacturing business activity index also increased by two basis points month-on-month to 54.6 in March.

Anton Muscatelli, chairman of the Russell Group, a body representing 24 research universities in the UK, said overseas students could soon comprise up to 50 percent of the student body at many British institutions. This would most likely involve heavy recruitment from India and China, he added.

Another ban announced on Tuesday is the resale of face masks. According to the country's economy ministry, reselling of face masks for profit will become a crime punishable by a one-year prison sentence or a 1 million yen fine, or both, amid surging demand spurred by the epidemic.