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Chinese actor Huang Zitao releases fashion photos. [Photo/IC]

Chinese consumers appeared somewhat more optimistic, with 68 percent of those surveyed believing that sharing economy platforms bestow greater benefits than risks. Generally speaking, 52 percent of respondents cited concerns over personal safety, followed by quality of service and damage to assets (both with 42 percent), theft (40 percent) and lack of sufficient safeguards if something goes wrong (38 percent), the Lloyd's report added.

Chinese people from smaller cities are traveling abroad more frequently thanks to relaxed visa policies and more direct flights to foreign destinations, the report said.

Chinese energy companies have also invested heavily in Europe's off shore sector. In 2017, energy company China Resources paid 555 million pounds (4 million) for a 30 percent stake in the 402-milliwatt Dudgeon wind farm off the east coast of the English county of Norfolk, and this year, CTG subsidiary China Three Gorges Europe invested 35 million pounds in the Moray East off shore wind project in Scotland.

Chinese online retailers have stepped up efforts to crack down on counterfeit products sold by third-party vendors on their online marketplaces.