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Another player, Jiedian Technology, in May received a 300 million yuan investment from Jumei.com, one of the biggest online beauty production retailers.

Apart from partnering with more than 100 research institutes and universities within China to push its innovative ability, the company will install automated production machines and adopt the latest environmentally friendly technologies to produce both clothing and materials.

Apart from promoting both greater acceptance and larger issuance of UnionPay cards in these countries, the bank card organization has also been pushing ahead with the globalization of China's financial technology standards and helping those countries in need of transit networks for payments, such as Laos and Thailand, to build the networks locally, according to Ge.

Another resident surnamed Xu, who owns a business in the food and beverage industry, said his business earnings have been severely affected in recent months.

Apparel has become a huge business for Amazon. The company surpassed Walmart as the most-shopped clothing retailer in the U.S., according to a Coresight Research survey from March.