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China's reform and opening-up drive, along with other efforts to promote entrepreneurship and innovation, is motivating many people, including foreigners, to start businesses in the country.

Chinese President Xi Jinping sent a congratulatory letter on Thursday to the opening ceremony of the First China International Tea Expo in Hangzhou, Zhejiang province.

China's top 500 companies saw their total revenue reach 50.5 trillion yuan (.21 trillion), up 11 percent on a yearly basis, over half of the country's GDP that broke through 99 trillion yuan last year, according to a list co-released by Fortune magazine's Chinese edition and China International Capital Corporation Wealth Management on Monday.

China's retail sales of consumer goods grew 10.4 percent year-on-year in the first half of the year to 17.24 trillion yuan. This pace was slightly faster than the 10 percent for the first quarter, the National Bureau of Statistics said.

Chinese New Year, also known as the Spring Festival, which is the first day of a year on lunar calendar and falls on Feb 5 this year, is a good opportunity to show Chinese cultures to the local people, the ministry said.