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"Clearly the coronavirus is not gone. In fact, we have got it worse now than we had it in the spring I believe, and I think that's true in a lot of other states," McConnell said at a news conference, adding the country needs another relief package.

"China's internet industry is ever-changing. I'm looking forward to seeing more eye-opening products and concepts at the conference," he said.

"China's economy is increasingly driven by domestic demand, so it is important that consumer spending has continued to bounce back," Rothman said, adding the improvement in consumer spending and sentiment has come in advance of a full recovery in income, suggesting a fairly high degree of confidence in the future.

"China's economy will brace for a painful blow, much worse that what it suffered during SARS," said Wang Tao, chief economist at UBS Investment Bank, in a teleconference on Tuesday.

"Close to 2,000 exhibitors will present about 1 million books at the book expo and over 500 cultural activities will be held," he noted.