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China's fixed-asset investment rose 5.5 percent year-on-year in the first seven months of the year, down from 6 percent for January-June, data from the National Bureau of Statistics showed Tuesday.

China's direct investment in countries and regions that are part of the Belt and Road Initiative is estimated to reach billion in 2020, up 100 percent from the levels seen in 2014, according to a new report from Commerzbank AG, Germany's second-biggest bank by assets.

China's cultural industry has seen robust growth in recent years. Last year, total revenue in the culture sector and related businesses hit 8.93 trillion yuan (.31 trillion), increasing 8.2 percent year-on-year, according to a survey by the National Bureau of Statistics of more than 60,000 enterprises across the country.

China's hosting of the 7th Military World Games, which concluded in Wuhan, Hubei province, on Sunday night, conveys a message of peace and spreads friendship and solidarity on a global stage, experts and officials said.

China's investment in the involved countries has exceeded billion, with more than 200,000 jobs created, he added.