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China's growing middle class and its taste for wine have prompted a group of importers to pursue fine wines from California.

China's e-commerce transactions hit 34.81 trillion yuan last year, up 6.7 percent year-on-year.

China's consumer inflation remained mild in March, rising only slightly month-on-month, easing concerns of a possible jump in inflation partly from increases in producer prices making their way through the economy.

China's criminal law stipulates a no less than three years and not more than seven years prison term and a fine for those who steal, disclose or use commercial secrets that causes significant loss to those holding related rights.

China's outbound investment, starting later than other countries, still lacks experience and faces some challenges, Zhong said. But the challenges are "difficulties in the process of progress", he said.