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China's transition over the next 10 years will not be painless for its companies or for foreign competitors. But, reform and opening-up policies that create more competitive companies and markets are the only way to achieve a richer and more productive world economy in the long term.

China, already the third-largest LNG buyer worldwide after South Korea and Japan, is about to become an even bigger player in the market as the country's demand for natural gas continues rising sharply.

China's richest man Wang Jianlin has lost up to 200 million yuan (.3 million) from a deal brokered in Spain three years ago because of a shift in exchange rates.

Chinese FDI into Africa is well diversified across sectors, covering resource-oriented ones as well as services and manufacturing, the report said.

China's stock market is likely to see an inflow of foreign capital totaling about 600 billion yuan ( billion) in 2019, Fang Xinghai, deputy head of the China Securities Regulatory Commission predicted in January.