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China's cross-border online shopping grew 23.5 percent to 6.3 trillion yuan in sales in 2016, according to iiMedia Research, a market consultancy.

China's consumer inflation target set for the last year was at 3 percent. The consumer price index rose 2.1 percent year-on-year in 2018, up from 1.6 percent in 2017.

China's inbound M&A activities continued its upward trajectory, seeing a 29-percent rise in volume to 62 deals and a 69-percent rise in value to .2 billion from Q1 of 2017.

China's innovation and entrepreneurship initiatives began in 2014. Last month, the State Council, China's Cabinet, released a guideline that the government will encourage State-led investments as well as private investments in startups, especially those in the high-tech sector, to help finance innovation.

China's online population hit 772 million at the end of 2017, up 5.6 percent from 2016, the report said.