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Chinese online retail and logistics company JD displays its fixed wing delivery drone at CES 2019 on Tuesday, at the Las Vegas Convention Center in Las Vegas. ROBYN BECK/AGENCE FRANCE-PRESSE

Chinese internet giant Tencent Holding Ltd has invested in several traditional retailers, such as Carrefour SA's China unit and Yonghui Superstores, but its chairman, Pony Ma Huateng, said that the company does not plan to directly take up retail business itself.

Chinese filmmakers Zhang Yimou and Jiang Wen will present at the 43rd Toronto International Film Festival (TIFF) in September.

Chinese entrepreneurs have faced difficulties for their businesses over the past 12 months given the slump of the A-share market and the 6 percent drop in the Chinese yuan against the US dollar. The benchmark Shanghai Composite Index shed 25 percent last year, according to Shanghai-based market tracker Wind Info. This has resulted in the fact that 212 Chinese billionaires dropped out of the global rich list this year, said Hoogewerf.

Chinese firms signed project deals with a contract value of 753.82 billion yuan in the first half, up 5 percent year-on-year. The country's nonfinancial outbound investment to countries and regions involved in the Belt and Road surged 19.4 percent year-on-year to .12 billion in the same period.