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Chinese enterprises have become more rational in buying forex thanks to a firmer economy and a stable yuan, SAFE said in a statement, adding that the size of forex reserves would become more stable in the future as the economy maintains steady expansion and the foreign exchange rate stays in a reasonable range.

Chinese authorities have reinforced scrutiny of the authenticity and compliance of ODI since the end of 2016, especially of projects which were not about real economy or neglected environmental protection, energy consumption and safety.

Chinese policymakers took stock of the last decade's gains and losses. Despite some challenges, including the possible increase in volatility in cross-border capital flows, "the RMB internationalization still has more benefits than disadvantages", said Guo Kai, deputy director of the PBOC's monetary policy department.

Chinese companies were well represented at the world's largest seafood trade event, the 27th Seafood Expo Global, in Brussels, Belgium, where they were eager to lure more global customers.

Chinese contractors signed more agreements for large projects abroad in the first seven months. Transport, power and construction projects accounted for more than two-thirds of the total contract value, and around 85 percent of new projects saw their contract value surpass million.