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China's export of textiles was .3 billion during the January-May period, up 1.5 percent compared to a year ago, while that of garments saw a 5.5 percent decline to .3 billion.

China's imports and exports from cross-border e-commerce were worth 134 billion yuan (.5 billion) last year, up 50 percent year-on-year, according to the General Administration of Customs.

China's individual investable assets will grow steadily in the next few years and reach 220 trillion yuan by 2021, said He Dayong, manager of the Financial and Insurance Industry Department at BCG.

China's economy delivered a solid start to the year with above-target growth. Its GDP expanded 6.8 percent year-on-year in the first quarter, unchanged from the previous quarter.

China's market regulator said on Monday that the government will promote stricter regulation and supervision over online commerce, amid public concerns about false advertising, fake imported goods and monopolistic practices.