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"Even though the labor costs in the US are much higher than in China, if we can utilize automation and higher volume, then we can save on costs from having to ship from China," he said.

"During the current market downturn, investors will not jump at such a blurry signal of policy changes. Investors are still waiting to hear top regulators' policy stances," he added.

"Despite having adjusted our business to produce more invoices for domestic companies, universities and local tax offices to mitigate the dropping order impact caused by the COVID-19 pandemic, the online Canton Fair this year could help us revive the export business," Fang said, adding that his factory with 200 staff only managed to ship five containers of notebooks, diaries and calendars to overseas markets so far this year, with exports down compared to previous years.

"Even if you don't mind being tethered to your laptop for that 50-yuan discount coupon, online traffic can overwhelm sites during peak time, causing them to crash," said Chen Ziwen, the mother of a 1-year-old child in Shanghai, who has been busy shopping for infant formula.

"Economies have to open up, people have to work, trade has to resume," he said.