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China's general trade volume reached 17.64 trillion yuan last year, up 12.5 percent on a yearly basis, accounting for 57.8 percent of the country's total trade volume, up 1.4 percentage points from the same period last year.

China's outbound FDI, however, dropped sharply in the first two months of 2017 as Chinese regulators set stricter rules to crack down on irrational or illegal outbound investment activities amid mounting pressure of capital outflow.

China's high-tech giants have already entered the South Asian market. Tencent Cloud, the cloud business division of Tencent Holdings Limited, has established overseas services nodes in India and a data center in Singapore to provide "secure and cost efficient" IT infrastructure.

China's industrial sector continued to see steady revenue growth in March, with sustained structural improvements and continued economic growth momentum, according to analysts.

China's first 8.5-generation TFT-LCD production line was launched in Bengbu, East China's Anhui province, on June 18, 2019, representing a breakthrough in the production of high-definition LCD screen, Science and Technology Daily reported.