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Buoyed by the recent boost in consumer sentiment, analysts believe that the country's consumption will continue to rebound. Favorable factors such as continued government policy support, new promotion measures by the enterprises and increasing consumer confidence will pave the way for a stronger recovery in the second half.

Britta Seeger, a Daimler board member responsible for sales and marketing, said "In China and South Korea, our dealerships are fully open and we see a significant increase in demand there. That gives us confidence."

Brady Tong, general manager of Asia for Oliver, said there is an increasing demand for high-quality healthcare, and the new facility in Suzhou will enhance the company's ability to serve the Asian market.

Brendan Ahern, chief investment officer at Krane Funds Advisors in New York, told China Daily in an email that the US economy is driven by consumer consumption rather that manufacturing, though he said the poor ISM numbers could have a spillover effect on the broader economy.

Bucking the trend, consumption of gold jewelry went up 5.6 percent year on year to 180.5 tonnes, while that for gold coins rose 8 percent to 2.7 tonnes.