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"Cooperation under the BRI involves a broad range of areas, in which participating economies have various policies and standards," Qian said at the second Belt and Road Forum for International Cooperation on Thursday.

"Chinese startups are gearing up to change the game of starting a business abroad. This is the right time for Chinese startups to venture overseas," said Zhou Wei, founding partner of Beijing-based CCV.

"Chinese companies' frenzy for investing in overseas sports industry will cool down for a while. It is positive to have the money invested in domestic sports industry, which has only begun to grow in recent years and has required patience to cultivate its sustainable development," said Adam Zhang, founder of Key-Solution Sports Consultancy.

"Creating employment opportunities is one aspect of upholding CSR (corporate social responsibility). All Chinese companies are also creating win-win outcomes by transferring technology, contributing to communities and cooperating with local government," he said.

"Chinese police should enhance cooperation with the telecom operators and finance sectors to block the channels at the source," said Li Wei, a lawyer from Beijing Lawyers Association.