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China's draft foreign investment law will be submitted to the plenary session of the 13th National People's Congress, which will open early this month. It is seen as the latest move to promote the opening-up initiative.

China's gross domestic product (GDP) expanded by 3.2 percent year-on-year in the second quarter, following a 6.8 percent contraction in the first quarter, according to newly released data from the National Bureau of Statistics (NBS).

China's opening up offers mutual benefits to the world. In 2018, China's GDP accounted for 16 percent of the world's total, but its contribution to world economic growth remained at nearly 30 percent.

China's consumer confidence, an indicator of economic booms and busts, bounced back to its record high in the past 12 months as the economy stabilized, according to an index published by global measurement firm Nielsen last week.

China's gaming sector showed signs of a strong rebound during the past year, as the highly lucrative market generated revenues of 233 billion yuan in 2019, up 8.7 percent year-on-year.