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China's outbound investment continues to be weighed down by a number of factors including restrictions on outbound investment from Beijing, strengthened regulatory reviews in the United States and Europe, slowing growth and lower liquidity in the Chinese economy, and geopolitical tensions, according to the report.

China's huge domestic consumption potential has become its new comparative advantage, and that's why the country seeks the new development pattern to benefit itself and the rest of the world, said Yao Jingyuan, a research fellow at the Counsellors' Office of the State Council.

China's cultural and tourism departments at all levels will continue to expand the industry, promote international cultural and tourism exchanges and cooperation, and provide more opportunities for all countries, he said.

China's image is steadily improving on the world stage, with more developed countries recognizing its role in domestic and international affairs, according to a survey published on Friday.

China's largest pickup and SUV maker Great Wall Motors saw its net profit reach 1.79 billion yuan (2 million) from April to June, up 137 percent from the same period of 2019, according to the financial statement it released late on Friday.