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Another trend the report pointed out: China's internet market is very influential in terms of scale and impact as a considerable number of internet giants, start ups and unicorns－new, non-listed companies with valuations of more than billion－are competing with world magnates in the field.

Another report from Alibaba on last year's Spring Festival holiday consumption trends showed that among the consumer groups, the 1980s and 1990s generations took up 33 percent and 27 percent of consumption respectively.

Apart from direct trade, China has been helping develop infrastructure and improve connectivity within ASEAN member states. A large number of industrial parks between China and ASEAN countries have also contributed to trade and investment cooperation activities, while the recently signed RCEP, which aims to cut tariffs, further open markets and lower barriers to liberalize trade and investment, is set to boost trade and investment and further integrate the regional market, he said.

Another five people suffered slight injuries and were receiving treatment in hospital, according to the Tianjin municipal government.

Apart from commissioning 185 international cargo flights weekly to restore its operational presence, China Southern officially started operations of its Daxing China Southern Airlines City in late April as part of an expansion of its aviation and land-based business in the country's capital.