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Ding Wenwu, president of China Integrated Circuit Industry Investment Fund Co Ltd, said earlier that money has been flowing into the chip design segment, which has a lower technological threshold and quick investment returns, but more efforts are needed to bankroll the chip material, equipment and manufacturing segments.

Domestic investors made .58 billion of non-financial ODI in 2,459 overseas enterprises in 144 countries and regions in January-April, the Ministry of Commerce said.

Ding Congrong in Nantong contributed to this story.

Domestic tours will continue to boom this year as Chinese people are more willing to travel in homeland to celebrate the 70th anniversary of the founding of the People's Republic of China, Peng said, also underlining a series of measure to boost cultural and tourism consumption.

Despite the overall promising picture, Lardy said the private sector is not playing a role as it should be, which could be a downside risk in China's further recovery.