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China's import and export firms also saw the number of items requiring customs declarations dwindle to 105, down from 229 in the past.

China's economy has entered a period featuring medium-high growth rather than fast growth, along with upgraded economic structure and innovation.

China's money supply growth exceeded expectations last month and credit increased, further bolstering stable economic growth, the central bank said on Wednesday.

China's foreign trade volume totaled 20.05 trillion yuan from January to August. Although it was still down 0.6 percent year-on-year, the drop had narrowed by 1.1 percentage points compared with the decline from January to July, indicating the overall trade situation has taken a turn for the better.

China's online retail revenue reached 2.2 trillion yuan in the first quarter, down 0.8 percent year-on-year, according to the National Bureau of Statistics. Products sold online accounted for 23.6 percent of China's total consumer product consumption, 5.4 percentage points higher from the same period of last year.