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China should make its foreign investment environment "more law-based, internationalized and convenient" to promote growth and raise the quality of foreign investment, according to a document from the State Council.

China will continue to implement a proactive fiscal policy and prudent monetary policy while making policies more forward-looking, flexible, and effective, according to a meeting of the Political Bureau of the Communist Party of China Central Committee on July 31 this year.

China will advance reforms to give full play to the role of the market in resource allocation, with major progress to be made in the reforms of the property rights system and market-based allocation of production factors, the communique said.

China sticks to its goal of denuclearization of the peninsula, firmly maintains the international nonproliferation system and firmly safeguards the peace and stability of Northeast Asia, he added.

China posted GDP growth of 6.9 percent in Q2, flat with the previous quarter and above the government's annual growth target of around 6.5 percent.