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China's direct investment in countries and regions that are part of the Belt and Road Initiative is estimated to reach billion in 2020, up 100 percent from the levels seen in 2014, according to a new report from Commerzbank AG, Germany's second-biggest bank by assets.

China's construction of the world's largest inland dry port at Khorgos in Central Asia has generated growing interest among Western commentators, reflecting a familiar mixture of awe and suspicion about the global impact of Chinese economic transformation.

China's foreign direct investment grew 6.8 percent year-on-year to 369.06 billion yuan (.3 billion) in the first five months of this year, according to the Ministry of Commerce. From January to May, manufacturing FDI in China reached 112.89 billion yuan, up by 12.4 percent year-on-year.

China's decision to ease market access for foreign companies and expand imports will not only provide a boost to foreign businesses but also benefit domestic companies through competitive pressure, according to a senior US researcher of the Chinese economy.

China's early rice planting area for the year stood at 4.79 million hectares, 6.8 percent less than last year, and yield per hectare grew 2.7 percent to 5.96 tonnes.