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Chinese brands themselves are getting involved in fiercer competition.

Chinese provincial-level local governments issued 1.41 trillion yuan worth of bonds in the first half, 24.2 percent below the level recorded in the first half of 2017. Among the total amount, 76.4 percent were swap bonds (issued to refinance legacy debt) and refunding bonds (issued to refinance outstanding bonds).

Chinese online grocery and delivery company Dada-JD Daojia recently announced a formal collaboration with French hypermarket chain Carrefour SA, with a plan to have approximately 200 Carrefour stores having presences on JD Daojia by the end of this year.

Chinese Vice-Minister of Finance Shi Yaobin urged France to help the European Union make a "correct decision" when it reviews new EU legislation approved by the European Parliament designed to protect EU industries from imports by using the so-called market distortions as a tool.

Chinese State-owned and private companies have won bids to design, develop and manage them, riding on successes back home that enabled the country's meteoric rise onto the global stage.