The Chinese government is limiting overseas investment in property, hotels, entertainment, sports clubs, and the film industry, while at the same time greenlighting investments in line with the Belt and Road Initiative and projects linked to the country's industrial advancement.

However, some analysts believe that a blanket policy doesn't always work, especially for some private companies.

“We really need to give a more detailed calculation over what is really strategic investment. It's not really only buying top notch technology or buying resources but all business along the entire chain is also very much connected,” said Liu Baocheng, dean of the Center for International Business Ethics at the University of International Business and Economics.

That view is echoed by David Dollar, a senior fellow with the Foreign Policy and Global Economy and Development programs at the Brookings Institute.

“I do think that part of the pressure for capital outflow from China is that there is a lot of excess capacity in the old sectors in China and it would help open up more of the economy for new sectors, social media, entertainment, financial services…create new investment opportunities you should say, if they don’t want the capital to go buy the sports clubs in Europe, then it would be good to have more opportunities in China for private investment,” he said.

Meanwhile, Mike Bastine, a professor at the University of Southampton in the UK, is optimistic.

“The government will make it more attractive for private investment and private entrepreneurs to invest in the strategic industry. I think that could only be a good thing for a more sustainable growth model for China,” he said.