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David Frey, a partner for Markets Strategy at KPMG in China, said that each company recognized the unwavering commitment of the Chinese government to developing advanced new energy automobile manufacturing.

Data showed that overseas investors have been adding positions of A-shares via the stock connect programs, with net inflows of funds from Hong Kong to the Shanghai and Shenzhen stock exchanges reaching 38.7 billion yuan (about .1 billion) in April.

Data has shown that irrational outbound investment has been effectively curbed, officials said.

David Bernstein, president and CEO of Jewish Council for Public Affairs, also opposed the use of what he called "this unfortunate term".

David Lubin, an economist at Citigroup, is concerned that China alone may lack the capacity to meet the megaproject's investment goals. So the country needs to accumulate global resources to finance BRI projects.