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Chinese people's consumption of services has been steadily rising over the past two decades. Use of transportation and telecommunication services, for example, accounted for 18 percent of urban residents' total consumption in 2018, up from only 7 percent in 1998, according to a report by Moody's Investors Service. Residential expenditures for services in education, culture and entertainment and healthcare also increased substantially in the past 20 years.

Chinese customers are so involved in the latest digital media that we have begun to offer tailor-made e-journals onboard our Lufthansa aircraft. We are also working closely with local travel platforms such as Fliggy and Ctrip to increase direct sales. Sales generated from the website stand roughly at 10 percent in China, but that figure is about 30 percent or even 40 percent in our home market Germany. After all, 70 percent of deals here are conducted via mobile purchasing.

Chinese companies are carrying out more than 20 railway projects overseas, with a total investment of 100 billion yuan (about billion), China's railway authorities said in November.

Chinese automaker Zhejiang Geely Holding Group is to buy 49.9 percent of Malaysia's largest car manufacturer Proton, with a final agreement expected to be signed in July, a move that will speed up its inroads into the Southeast Asian market.

Chinese enterprises are involved in several big national projects in Israel, including the construction of the first Tel Aviv Light Rail and the Ashdod Harbour, said Katz, who noted that the Chinese enterprises doing investments in Israel are now enjoying a sound relationship with their Israeli partners.