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Chinese investors overpaid in many outbound acquisition deals amid a weakening renminbi in the past years, which raised suspicions of capital flight. This prompted the central government to strictly scrutinize overseas transactions, aiming to balance the outflow and inflow of capital.

Chinese banks will likely see a slowdown in shadow banking activity this year amid tightening credit scrutiny, a report by S&P Global Ratings showed on Wednesday.

Chinese companies have carried out a number of projects in Oman with cumulative turnover of more than billion, covering fields such as oil and gas resources exploration and development, electricity, communications, deep-sea fishing and processing sector, ambassador Li said in a recent interview with Xinhua News Agency.

Chinese Vice Premier Zhang Gaoli on Sunday called for more effort to build the Xiongan New Area into a model for promoting high-quality development across the country. Zhang made the remarks at a meeting in Beijing on advancing the coordinated development of the Beijing-Tianjin-Hebei region.

Chinese internet firm Baidu reported an 82.9 percent net income increase to 4.4 billion yuan (1 million) in the second quarter, which ended June 30, the company announced Thursday.