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China's official statistics show, however, Chinese investors made .27 billion of non-financial outbound direct investment in nearly 4,000 overseas enterprises in 152 countries and regions from January to July. It marked a 14.1 percent increase from the same period a year ago.

China's economic circle believes, Liu added, that China's economy started its medium-speed growth in 2016. On the demand side, China's high growth was mainly driven by high investment. The demand side－China's export and investments in infrastructure projects and real estate－hit bottom at the end of 2016.

China's foreign exchange reserves rose for the 12th straight month to reach .1615 trillion at the end of January.

China's economy is holding firm, despite the nation's gross domestic product growing last year at its slowest rate in two decades, former central bank governor Zhou Xiaochuan said on Tuesday in London.

China's economy got off to a strong start in the first quarter, with GDP expanding at a higher-than-expected 6.9 percent year-on-year. The result, analysts said, has laid a solid foundation for the country to achieve its growth target of at least 6.5 percent this year.