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Chinese companies turn to southeast Asian countries or even African countries to meet the needs of their customers, and to move some of their production capacity outside of China so that mid-to-high-end products can still be manufactured in China, industry insiders said.

Chinese enterprises and their peers in developed countries complement each other with broad prospects for cooperation in infrastructure, energy, environmental protection and finance, according to EY, a company that provides advisory, assurance and tax services.

Chinese consumers' huge demand for Spanish gourmet cured ham has encouraged the European country to further increase production of the meat product, industry reports found.

Chinese companies have also expressed their desire to set up partnership ventures with Algerian operators to start manufacturing, given that the Algerian government wants to develop the automobile industry to curb dependence on oil revenues.

Chinese companies invested .4 billion in Europe in the first half of 2019, a decline of 84 percent compared with the first six months of last year, the report said.