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Chinese companies are also working to improve Belgrade's wastewater treatment facilities and heating network. Meanwhile, a number of Chinese businesses are vying to win a contract to construct an electricity generation project, which has total investment of 0 million.

Chinese car brands sold 655,000 passenger vehicles last month, growing 6.3 percent year-on-year. Their market share saw a slight increase of 0.1 percentage points to 37.3 percent in August, marking the first increase over the past five months.

Chinese e-commerce gameplay like livestreaming has also been making waves. Dima Romashko, a 29-year-old Ukrainian TV host for a music channel and an influencer endorsing brands on AliExpress, said changes in people's attitude toward Chinese marquees have been phenomenal.

Chinese central bank officials have confirmed that foreigners and companies from overseas can hold the digital renminbi even without opening an account in Chinese banks, which means a more convenient way for cross-border payments.

Chinese investors and accelerators are gathering at Europe's largest tech event, Web Summit, in Lisbon this week, to search for cutting-edge technology that can be introduced to China's massive market.