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China's cross-border e-commerce sector has expanded rapidly in recent years. It grew by 23.5 percent to 6.3 trillion yuan in sales last year, according to market consultancy iMedia Research.

China's first-ever guideline that advocates entrepreneurial spirit and creates a favorable environment for entrepreneurs will play a vital role in driving the ongoing supply-side structural reform to further boost innovation, experts said.

China's outbound direct investment has seen rapid growth in recent years. However, noting an "irrational tendency" in the field, Chinese authorities have set stricter rules and advised companies to make investment decisions more carefully since last year.

China's e-commerce giants have incorporated AI into their services to improve their consumers' experiences as online retail sales have soared in recent years.

China's exports increased 7.2 percent in July from a year earlier, while the manufacturing purchasing managers index rose to a four-month high of 51.1, beating expectations and landing in expansion territory for a fifth consecutive month.