You may want to look in the direction of the Palmer Cox "Brownies". The piece looks like the glaze may a tin based, majolica style typical of the late 19th century (1880-90's). The Brownies were created by Cox in the 1880's and became quite popular appearing in the Ladies Home Journal and numerous other publications. Each Brownie had a distinctive physical appearance, one was dressed as a stereotypical Chinese peasant (which may be this representation). I've had a number of different Austrian majolica forms depicting Brownies (candles, bud vases), but from the pics this looks more British.