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Contrary to reports of a "consumption downgrade" in China, Zhao said the country is seeing an upgrade in consumption as consumers focus more on food quality and shift some their expenses on other sectors like travel, entertainment and education.

Covering 22,000 square meters, the expo has attracted more than 90 companies, including Alibaba, Tencent, Baidu and Kaspersky, who will display new technologies and ideas, said Tang Xin, an official with the Office of the Central Cyberspace Affairs Commission.

Considering China's position in global supply chains, there is still a huge gap to fill in China's logistics services, especially in social economic development and global supply chains, said Liu.

Countries like Australia, Canada, Chile, China, Myanmar, New Zealand, Singapore, the United Arab Emirates and Uruguay have pledged that they are committed to maintaining open and connected supply chains, to create a collective response to the pandemic that has severely affected the global economy in the past few months.

Consumers are, thus, at the losing end, given that they lack the technical knowledge and there're no strict rules regulating the market.