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China's onshore corporate bond market will most likely be the last to benefit from further opening-up measures in the financial system, which aim to boost foreign capital inflows. The measures may include QFII relaxation and license extension to foreign securities firms and asset managers, as well as potential investment banking and asset management license extensions to select banks, said Xing.

China's gaming industry has also seen revenue growth of 5.3 percent year-on-year in 2018, the slowest level in a decade.

China's foreign trade volume totaled 6.57 trillion yuan (1 billion) in the first quarter of this year, falling 6.4 percent year-on-year. In the meantime, the country's exports dropped 11.4 percent to 3.33 trillion yuan, and imports declined 0.7 percent to 3.24 trillion yuan, according to customs data released on Tuesday.

China's digital economy reached 31.3 trillion yuan (about .6 trillion) in 2018, accounting for 34.8 percent of the country's total GDP.

China's home appliance sector saw a strong rebound during the second quarter of this year, with total revenue rising by 2.64 percent on a yearly basis to 248.6 billion yuan (.6 billion), on the back of a healthy surge in online e-commerce retail, a new report said.