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Chinese entities and individuals have ploughed more than billion into overseas soccer investments since late 2015.

Chinese healthcare and medicine regulators have also made efforts to reform the drug review and approval system, which shortens time for a new drug to be widely used and encourages innovations and enables investors to achieve returns in a shorter period of time, said Song Ruilin, executive president of China Pharmaceutical Innovation and Research Development Association, at a recent conference.

Chinese firms saw a total of 272.5 billion yuan fee cut in social insurance contributions in the first nine months, according to Cai.

Chinese people now pay more attention to quality, which Italy can offer, he added.

Chinese conglomerate CEFC China Energy Co Ltd is playing an active role in the countries and regions involved with the Belt and Road Initiative and plans to set up a cooperation zone in Georgia to diversify its overseas investments, a top executive said during the Fortune Global Forum held in Guangzhou on Thursday.