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Analysts said whether or not digital book sales would see significant growth depends on the range of content on offer in the market, not just the features of a device.

Analysts hold there is room for further tax reductions through measures such as lowering corporate income tax and expanding the scope of expense reductions for enterprises. Currently, China has three brackets for value-added taxes at the ratios of 17 percent, 11 percent and 6 percent respectively. The country can reduce the three brackets into two in the future, analysts suggest.

And as a consolation prize, of sorts, Amazon says?Amazon Fresh customers in the Seattle region will be eligible for a free Amazon Dash?device, a handheld gadget that lets customers add items to their grocery list using their voice.

Analysts cited sluggish demand, especially externally, as the biggest downside risk to China's economic recovery after the pandemic sparked recession risks across the globe.

Analysts believe the integration of the two companies' strengths and resources will benefit both sides.