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China's producer price index, which measures costs for goods at the factory gate, rose 3.1 percent year-on-year in March, down from a rise of 3.7 percent recorded in February, as growth in factory prices of production materials and consumer goods both moderated, said Sheng.

China, which has repeatedly voiced support for free trade and multilateralism, became the largest recipient of foreign direct investment against a downward global trend in the first half of 2018, a United Nations-sponsored report shows.

China's textile industry is a perfect fit for getting a digital makeover, due to its role in driving domestic and international dual circulation, the combination of agriculture, manufacturing and services sector, as well as online-to-offline connection, said Sun Ruizhe, head of the China National Textile and Apparel Council.

China's property market, once deemed a major risk for the broader economy, cooled in 2017 amid tough curbs such as purchase restrictions and increased downpayment requirements, as the government sought to rein in speculation.

China's trade with countries involved in the Belt and Road Initiative has exceeded trillion and stock investment is over billion, according to official Chinese statistics.