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China's outbound direct investment, after peaking in 2016, witnessed a drastic reduction in 2017 amid the government's efforts to curb irrational investment overseas that have brought potential risks to overall financial security.

China's first self-developed 160 kilometer-an-hour magnetic levitation train, made by CRRC Zhuzhou Locomotive Co Ltd, undergoes a test in Hunan province.[Photo by Liang Chao/for China Daily]

China's outbound tourism boom is expected to remain the biggest force in the global travel market over the next decade, with Chinese tourist spending anticipated to reach 5.4 billion in 2025 from 7 billion in 2015, according to global economic think-tank Oxford Economics.

China's non-financial outbound direct investment fell 45.8 percent year-on-year to .19 billion in the first half of the year, the first decline since 2015, official data showed, as the government moved to curb radical and risky investment by Chinese companies in sectors such as property, hotel, sports and entertainment.

China's need for lightweight technologies will grow in the future. If they are to produce more electric vehicles, Chinese OEMs need to further reduce the weight of the cars in order to increase battery range.